SCHEDULE SC 13G
Under the Securities Exchange Act of 1934
(Amendment No.)
PriceSmart Inc
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(Name of Issuer)
Common
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(Title of Class of Securities)
741511109
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(CUSIP Number)
July 28, 2010
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(Date of Event Which Requires Filing of this Statement)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other previsions of
the Act (however, see the Notes)
Item 1(a) NAME OF ISSUER :
PriceSmart Inc.
Item 1(b) ADDRESS OF ISSUERS PRINCIPAL EXECUTIVE OFFICES
9740 Scranton Road
San Diego, CA 92121-1745
Item 2(a) NAME OF PERSON FILING
The London Company
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE
1801 Bayberry Court
Suite 301
Richmond, VIRGINA 23226
Item 2(c) CITIZENSHIP
Virginia Corporation
Item 2(d) TITLE OF CLASS OF SECURITIES
Common
Item 2(e) CUSIP NUMBER
741511109
Item 3 FILED PURSUANT TO RULE 13d-1(b)
SEC USE ONLY
(e) [X] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
Item 4 OWNERSHIP
(a) Amount beneficially owned: 1,511,030 shares
(b) Percent of class: 5.1%
(i) sole power to vote or to direct the vote
The London Company 1,500,480 shares
(ii) shared power to vote to direct the vote
0 shares
(iii) sole power to dispose or to direct the disposition of
The London Company 1,500,480 shares
(iv) shared power to dispose or to direct the disposition of
0 shares
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact
that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five
percent of the class of securities, check the
following [ ]
Item 6 1,511,030 of the shares with respect to which this report is
filed are owned by a variety of investment advisory clients of The
London Company,which clients are entitled to receive dividends on and
the proceeds from the sale of such shares. No client is known to own
more than 5% of the class.
Item 7 Not applicable
Item 8 Not applicable
Item 9 Not applicable
Item 10 CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer or
such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
SIGNATURE /s/ Louise Bald
PRINT Louise Bald
Chief Compliance Officer
DATE July 28, 2010