Pacific Sunwear Is a Top Stock Under $10 for 2015: David Peltier

Portfolio Manager David Peltier highlights Pacific Sunwear (PSUN) as one of his top stocks under $10 for 2015.
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Portfolio Manager David Peltier highlights Pacific Sunwear (PSUN) as one of his top stocks under $10 for 2015. The mall-based teen retailer lost about 40% in 2014, but Peltier is attracted to the company's improving sales and its fashion trends toward surfing, skating and urban trends. While many other teen retailers have struggled in recent quarters, Pacific Sunwear is attracting customers with exclusive and private-label brands. The retailer has improved same-store sales for 11 straight quarters, which should move the company closer to profitability. Peltier believes the stock can trade up toward $3 in the new year.