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Pricesmart Inc. (PSMT): Today's Featured Services Loser

Pricesmart Inc ( PSMT) pushed the Services sector lower today making it today's featured Services loser. The sector as a whole closed the day up 2.2%. By the end of trading, Pricesmart Inc fell 85 cents (-1.2%) to $67.86 on average volume. Throughout the day, 452,673 shares of Pricesmart Inc exchanged hands as compared to its average daily volume of 311,900 shares. The stock ranged in price between $67.79-$69.70 after having opened the day at $68.81 as compared to the previous trading day's close of $68.71. Other company's within the Services sector that declined today were: Shengkai Innovations Inc ( VALV), down 15.3%, Dillards Inc ( DDS), down 12.6%, Cenveo Inc ( CVO), down 9.9%, and FreeSeas Inc ( FREE), down 9.2%.

PriceSmart, Inc. owns and operates warehouse clubs in the United States, Latin America, and the Caribbean. Pricesmart Inc has a market cap of $2.27 billion and is part of the retail industry. The company has a P/E ratio of 36.6, above the average retail industry P/E ratio of 36.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 80.7% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Pricesmart as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the positive front, Spanish Broadcasting System Inc ( SBSA), up 46.9%, China Armco Metals Inc ( CNAM), up 27.8%, Scorpio Tankers Inc ( STNG), up 17.5%, and Intersections Inc ( INTX), up 17.1%, were all gainers within the services sector with CVS Caremark ( CVS) being today's featured services sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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