Snow Capital Management Discloses 10% Stake in Pacific Sunwear (PSUN)
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In a 13G filing this afternoon on Pacific Sunwear (Nasdaq: PSUN), Snow Capital / Richard Snow disclosed a 10% stake, 7,013,403 shares, as of September 30, 2007. A 13G indicates a 'passive investment'.
Pacific Sunwear of California, Inc. is a specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and young adults.
Snow Capital is based in Pennsylvania and was founded by Richard Snow. For more than two decades, Richard Snow and Snow Capital Management have proven that a strategy of intensive research and value/opportunity investing can result in preservation of capital, as well as outstanding investment returns.
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