Pacific Sunwear Of California Faces Severe Money Problems (PSUN)-NY Post

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A report in the New York Post says Pacific Sunwear of California (NASDAQ: PSUN) will need to raise money to pay for expensive store leases. The paper also reports that PSUN has hired investment bank Guggenheim Partners  to raise the capital.

Shares trade at $1.38 down from a 52-week high of $6.84