The Wet Seal, Inc. (WTSL) Posts Q4 Loss of 23c/Share; Issus Light Q1 Outlook
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B. Riley Downgrades Wet Seal (WTSL) to Sell
March 24, 2014 7:46 AM EDTB. Riley downgraded Wet Seal (NASDAQ: WTSL) from Neutral to Sell.
For an analyst ratings summary and ratings history on Wet Seal click here. For more ratings news on Wet Seal click here.
Shares of Wet Seal closed at $1.55 yesterday.... More
Clinton Group Commends Wet Seal (WTSL) for its Recent Actions
March 21, 2014 9:42 AM EDTClinton Group, Inc. and its affiliates, the owners of more than 7% of the outstanding common stock of The Wet Seal, Inc. (NASDAQ: WTSL) sent a letter to the Chief Executive Officer of Wet Seal last night commending the Company for its recent actions, including its financing, in which Clinton Group was not involved.
"We believe Wet Seal is well positioned to emerge from the market-wide slowdown in teen apparel retailing significantly stronger than its competitors and better aligned with the teenage girl's shopping habits," said George E. Hall, Chief Executive Officer of Clinton... More
Wet Seal (WTSL) Announces $27M Convertible Notes, Warrants Private Placement
March 21, 2014 6:34 AM EDTThe Wet Seal, Inc. (Nasdaq: WTSL) has entered into a definitive agreement with a single institutional investor to issue $27 million of convertible notes as well as warrants to purchase Class A common stock in a private placement. The transaction is expected to close on March 26, 2014, subject to customary closing conditions. The company intends to use the proceeds for general corporate purposes.
The convertible... More
