CEO and Founder of UPTICK Newswire, Everett Jolly, with greater than 25 years in the traded markets across the US and Canada has put a buy rating on Wet Seal, Inc. He expects that the company should hit $0.70 by summer time 2015 providing that they continue on this path. Hard decisions must be made and so long as one of them is not bankruptcy, the company is poised for a significant bounce back. Take Pier 1 Imports, Inc. (NYSE: PIR) for example. Many thought that this company was doomed to fail back in 2008 and 2009 after experiencing a drought of sales as a result of the recession. If they could do it in a significantly struggling economy, why wouldn’t Wet Seal, Inc. be able to do it now?
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