24/7 Wall St. » TRLG

Top Analyst Upgrades & Downgrades (AIR, ALL, EPD, FDX, FSLR, HON, JDSU, LNKD, BIN, RHT, SKS, SFY, SPRD, SPWR, TRLG, VCLK, WFM)

Administrator — Fri, 04 May 2012 12:24:05 +0000

These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Friday.

AAR Corporation (NYSE: AIR) named Bear of the Day at Zacks.

The Allstate Corporation (NYSE: ALL) Raised to Overweight at Barclays.

Enterprise Products Partners. LP (NYSE: EPD) Started as Outperform at Credit Suisse.

FedEx Corporation (NYSE: FDX) Raised to Strong Buy at Raymond James.

First Solar Inc. (NASDAQ: FSLR) maintain HOLD with $20 target at Canaccord Genuity.

Honeywell International (NYSE: HON) named Bull of the Day at Zacks.

JDS Uniphase Corporation (NASDAQ: JDSU) Reiterated Buy with $17 target at Argus.

LinkedIn Corporation (NYSE: LNKD) target raised to $140 at Susquehanna.

Progressive Waste Solutions Ltd. (NYSE: BIN) Cut to Neutral with $23 target at Credit Suisse.

Red Hat, Inc. (NYSE: RHT) Started as Outperform at BMO.

Saks Inc. (NYSE: SKS) Reiterated Buy and $14 target at Argus.

Spreadtrum Communications (NASDAQ: SPRD) Reiterated Buy and raised target to $21 at Canaccord Genuity.

SunPower Corporation (NASDAQ: SPWR) Raised to Hold at ThinkEquity.

Swift Energy Company (NYSE: SFY) Reiterated Buy but cut target to $40 at Canaccord Genuity.

True Religion Apparel, Inc. (NASDAQ: TRLG) named value stock of the day at Zacks.

ValueClick, Inc. (NASDAQ: VCLK) Raised to Buy at S&P Capital IQ (late-Thursday call).

Whole Foods Markets, Inc. (NASDAQ: WFM) Raised to Overweight at JPMorgan.

If you enjoyed the top analyst upgrades and downgrades, you can join our free email newsletter that includes analyst summaries each morning sent right to your inbox. We also cover top issues such as IPOs, special financial exclusives, mergers and more. Sign up in the box below.

JON C. OGG

Filed under: Analyst Calls Tagged: AIR, ALL, BIN, EPD, FDX, FSLR, HON, JDSU, LNKD, RHT, SFY, SKS, SPRD, SPWR, TRLG, VCLK, WFM

The Most Profitable Stores in America

247wallst — Thu, 23 Feb 2012 01:20:45 +0000

The past few years have been challenging for the retailing industry, and there are signs that 2012 will be no different. One key metric used to judge the health of a store is sales per square foot. Research company RetailSails recently ranked U.S. stores based on this metric.

Read: The Most Profitable Stores in America

Apple is at the top of the list with the highest sales per square foot. Perhaps most interesting is the large gap between Apple stores and the rest of the market. Apple stores now average $5,600 per square foot of retail space, nearly double the nearest retailer. However, Apple is a unique case as a leader in technology and innovation, and a company with what may be the strongest brand name in the world.

24/7 Wall St. wanted to see if common features could be found among the retailers that managed to get top dollars per square foot. Branding is perhaps the biggest common factor because it helps drive traffic to the stores. Retail establishments with low foot traffic find it nearly impossible to have strong sales per square foot.

In addition, each retailer on the list could be considered luxury goods sellers, with the exception of GameStop. To GameStop’s advantage, however, gaming DVDs tend to take up less room on a shelf than, say, flatscreen TVs.

It is worth noting that four of the top companies are also featured on RetailSails’ 25 fastest-growing retailer list, on which retailers are ranked based on trailing four quarters sales growth. It could very well be that companies with highly profitable locations have easier access to capital to invest in new locations, which in turn further helps underwrite future growth. If so, high margins beget greater sales, at least for some period. The data from retailers on this list would help support that theory.

Also Read: The Ten States That Run on Nuclear Power

For comparison to these six highly successful retailers, Wal-Mart Stores (NYSE: WMT) has a gross margin of 25% and an average of $414 in sales per square foot. All data on revenue, net income and gross margins are based on trailing 12 months earnings reports.

Filed under: 24/7 Wall St. Wire, Retail, Special Report Tagged: AAPL, COH, GME, JWN, LULU, TIF, TRLG, WMT

24/7 Wall St. Top Analyst Calls of the Week (AONE, ALU, AMSC, NLY, AAPL, CSCO, COH, CSTR, COP, DLR, IBM, LF, MMM, M, OPEN, POST, SIRI, SOHU, TRLG, ZOLT)

Administrator — Sat, 11 Feb 2012 15:53:52 +0000

This last week was very busy, and Friday’s disappointing trading day skewed many research reports. Each morning we track analyst upgrades and downgrades and over the weekend we review each to see which stood out as highly insightful, or which were great money-makers for investors. Of course, there are some really bad calls that come about too. For better or worse, these make up the 24/7 Wall St. Top Analyst Calls of the Week.

This last weeks most featured reports were in shares of the following: A123 Systems, Inc. (NASDAQ: AONE); Alcatel-Lucent S.A. (NYSE: ALU); American Superconductor Corporation (NASDAQ: AMSC); Annaly Capital Management Inc. (NYSE: NLY); Apple Inc. (NASDAQ: AAPL); Cisco Systems, Inc. (NASDAQ: CSCO); Coach, Inc. (NYSE: COH); Coinstar, Inc. (NASDAQ: CSTR); ConocoPhillips (NYSE: COP); Digital Realty Trust, Inc. (NYSE: DLR); International Business Machines Corporation (NYSE: IBM); Leapfrog Enterprises Inc. (NYSE: LF); 3M Co. (NYSE: MMM); Macy’s Inc. (NYSE: M); OpenTable Inc. (NASDAQ: OPEN); Post Holdings Inc. (NYSE: POST); Sirius XM Radio Inc. (NASDAQ: SIRI); Sohu.com Inc. (NASDAQ: SOHU); True Religion Apparel, Inc. (NASDAQ: TRLG); and Zoltek Companies, Inc. (NASDAQ: ZOLT).

We have summarized each call and either added in trading color or provided a link to more data on each.

A123 Systems, Inc. (NASDAQ: AONE) was a highly influential call from a firm not very well known. The battery maker was downgraded on fears that Fiskar will not be able to keep buying from them. This fell 23% after it was cut to Sell at Wunderlich, but the price target was the real kicker: $0.50. Ouch.

Alcatel-Lucent S.A. (NYSE: ALU) was sure a wrong-way call of the week. The perpetually turning-around communications equipment maker was downgraded to ‘Sell’ at S&P Equity Research ahead of earnings and the stock closed up almost 13% at $2.19 on Friday.

American Superconductor Corporation (NASDAQ: AMSC) was inadvertently a really bad call because it got caught up in a weak stock market day and got caught on a day when alternative energy players took it on the chin. This one was raised to ‘Buy’ at Citigroup on Friday and closed don over 8% at $5.11 after opening at $5.36 on the day. Oops.

Annaly Capital Management Inc. (NYSE: NLY) had a rough week based in part on a mortgage foreclosure settlement. We expect the debate to continue over the real impact, but this high dividend yield mortgage REIT was downgraded to ‘Market Perform’ and the price target was cut to $16.00 from $17.50 by Friedman, Billings & Ramsey this last week.

Apple Inc. (NASDAQ: AAPL) keeps hitting new all-time highs each day. Apparently it is going to keep doing that for quite some time if Canaccord Genuity gets its way. That firm listed many reasons to raise it price target to $665 this last week.

Cisco Systems, Inc. (NASDAQ: CSCO) was better than what we feel the street gave it credit for on earnings. Credit Suisse only reiterated an ‘Outperform’ rating ahead of earnings, but what stood out was the $26.00 price target because that is about $4.50 higher than the consensus price target and that is also close to where the stock petered out in 2010.

Coach, Inc. (NYSE: COH) may be gutsy and may be an afterthought. It was recently given a strong tout by CNBC’s Jim Cramer as his luxury stock of choice, but on Friday it was raised started as ‘Buy’ with a target of $85 at Citigroup. This came on a day when the stock hit an all time high and closed at $74.54.

Coinstar, Inc. (NASDAQ: CSTR) is already up big over the last week, but we have never really considered it just as a value stock. Don’t tell that Zacks… On Friday it was named as Zacks’ Value Stock of the Day.

Filed under: 24/7 Wall St. Wire, Analyst Calls, The Week Tagged: AAPL, ALU, AMSC, AONE, COH, COP, CSCO, CSTR, DLR, IBM, LF, M, MMM, NLY, OPEN, POST, SIRI, SOHU, TRLG, ZOLT

24/7 Wall St. Closing Bell (COP, GILD, AMSC, MA, COH, LNKD, ATVI, CPST, GPRE, KONA, TRLG, LGF, MOVE, NBL, PCYC, ALU, FLIR, RUTH, FSLR, CIE, TBAC, RPXC, AMRS)

Paul Ausick — Fri, 10 Feb 2012 21:07:37 +0000

All three major US stock indexes opened lower this morning and the day was mostly a gentle slide for the rest of the trading session. The failed Greek debt deal weighed on futures this morning and nothing came along during the day to lift anyone’s spirits. US consumer sentiment fell slightly in January, the US trade deficit grew, and the federal budget deficit shrank, but now by enough to ignite buyers. Remarks by Fed chairman Bernanke on how to fix the housing mess didn’t offer anything new either. With equities and commodities all lower, the dollar index rose 0.523% today to 79.140. Crude oil is down today, with WTI down -1.04% at $98.80/barrel and Brent down -1.05% at $117.35/barrel. Gold settled down -0.9% at $1,725.30/ounce.

The unofficial closing bells put the DJIA down more than 89 points to 12,801.23 (-0.69%), the NASDAQ fell more than 23 points (-0.8%) to 2,903.88, and the S&P 500 fell -0.69% or more than 9 points to 1,342.64.

There were several analyst upgrades and downgrades today, including ConocoPhillips (NYSE: COP) raised to ‘buy’ at Deutsche Bank; Gilead Sciences Inc. (NASDAQ: GILD) started as ‘overweight’ at both Barclays and Morgan Stanley; American Superconductor Corp. (NASDAQ: AMSC) raised to ‘buy’ at Goldman Sachs; Mastercard Inc. (NYSE: MA) reiterated as ‘buy’ and target price raised to $450 at Argus; and Coach Inc. (NYSE: COH) started as ‘buy’ at Citigroup.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: LinkedIn Corp. (NASDAQ: LNKD) is up more than 18% at $90.44 (more coverage here); Activision Blizzard Inc. (NASDAQ: ATVI) is down -2.84% at $12.30; Capstone Turbine Corp. (NASDAQ: CPST) is down -9.8% at $1.26; Green Plains Renewable Energy Inc. (NASDAQ: GPRE) is down -3.5% at $11.20; Kona Grill Inc. (NASDAQ: KONA) is down -3.8% at $6.05; True Religion Apparel Inc. (NASDAQ: TRLG) is down more than -27% at $26.75; Lions Gate Entertainment Corp. (NYSE: LGF) is up 6.5% at $11.73 after posting a new 52-week high of $12.24 earlier today; Move Inc. (NASDAQ: MOVE) is up 14% at $8.65; Noble Energy Inc. (NYSE: NBL) is down -2.7% at $100.70; Pharmacyclics Inc. (NASDAQ: PCYC) is up more than 14% at $22.65 after posting a new 52-week high of $23.57 earlier today; Alcatel Lucent (NYSE: ALU) is up more than 13% at $2.2 (more coverage here); FLIR Systems Inc. (NASDAQ: FLIR) is down -3.3% at $24.90; and Ruth’s Hospitality Group Inc. (NASDAQ: RUTH) is up 3.2% at $6.19.

Other standouts from today include the following stocks:

First Solar Inc. (NASDAQ: FSLR) is down more than -10% at $43.94. The thin-film solar panel maker is having trouble meeting a financing requirement related to the sale of one of its solar farms to Exelon Corp. (NYSE: EXC). More coverage here.

Tandy Brands Accessories Inc. (NASDAQ: TBAC) is up nearly 71% at $1.77. The clothing accessories maker announced strong earnings and two new brand licensing agreements today.

Cobalt International Energy Inc. (NYSE: CIE) is up 35% at $32.27 after posting a new 52-week high of $36.51 earlier today. The independent oil & gas producer reported significantly better-than-expected flows from a test well offshore of Angola.

RPX Corp. (NASDAQ: RPXC) is up more than 11% at $19.21. The patent risk management company has a contract with Alcatel Lucent that could be very valuable as the larger company begins more aggressively to license its 29,000 patents.

Amyris Inc. (NASDAQ: AMRS) is down more than -28% at $6.95 after posting a new 52-week low of $6.85 earlier today. The biofuel maker’s stock was downgraded following a negative outlook from the company for 2012.

Stay tuned for Monday. We have noted the following events on the schedule (all times Eastern):

11:30 a.m. – 3- and 6-month Treasury bill auctions

Have a great weekend.

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: ALU, AMRS, AMSC, ATVI, CIE, COH, COP, CPST, FLIR, FSLR, GILD, GPRE, KONA, LGF, LNKD, MA, MOVE, NBL, PCYC, RPXC, RUTH, TBAC, TRLG

Top Analyst Upgrades & Downgrades (ALTR, AMSC, BIIB, CELG, COH, CSTR, COP, FSLR, GILD, HAIN, MA, RF, TRLG)

Administrator — Fri, 10 Feb 2012 13:23:06 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Friday morning.

Altera Corporation (NASDAQ: ALTR) Cut to Underperform as Bear of the Day at Zacks.
American Superconductor Corporation (NASDAQ: AMSC) Raised to Buy at Citigroup.
Biogen Idec Inc. (NASDAQ: BIIB) Started as Overweight at Morgan Stanley.
Celgene Corporation (NASDAQ: CELG) Started as Overweight at Morgan Stanley.
Coach, Inc. (NYSE: COH) Started as Buy at Citigroup.
Coinstar, Inc. (NASDAQ: CSTR) named as Value stock of the day at Zacks.
ConocoPhillips (NYSE: COP) Raised to Buy at Deutsche Bank.
First Solar, Inc. (NASDAQ: FSLR) Cut to Neutral at Collins Stewart.
Gilead Sciences Inc. (NASDAQ: GILD) Started as Overweight at Barclays; Started as Overweight at Morgan Stanley.
Hain Celestial Group (NASDAQ: HAIN) maintained Outperform and named as Bull of the Day at Zacks.
MasterCard Inc. (NYSE: MA) Reiterated Buy and raised target to $450 at Argus.
Regions Financial Corporation (NYSE: RF) Raised to Outperform at Credit Suisse.
True Religion Apparel, Inc. (NASDAQ: TRLG) Cut to Hold at Brean Murray.

If you enjoyed the top analyst calls, you can sign up in the box below to join our morning email list to receive news directly in your inbox each morning. We include major analyst upgrades and downgrades, IPO and M&A news, special situation developments, observations on Warren Buffett and key market gurus, as well as special exclusive feature stories.

JON C. OGG

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: ALTR, AMSC, BIIB, CELG, COH, COP, CSTR, FSLR, GILD, HAIN, MA, RF, TRLG

Top Analyst Upgrades & Downgrades (ALU, CPB, CYH, CS, FRX, GG, INTC, LDK, MSFT, OPEN, PMT, THC, TSO, TRLG)

Administrator — Thu, 14 Apr 2011 12:32:55 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning.

Alcatel-Lucent (NYSE: ALU) Maintained Underperform at Credit Suisse.
Campbell Soup Co. (NYSE: CPB) named Bear of the Day with Neutral rating at Zacks.
Community Health Systems, Inc. (NYSE: CYH) Started as Hold at Jefferies.
Credit Suisse Group (NYSE: CS) Cut to Sell at SocGen.
Forest Laboratories Inc. (NYSE: FRX) Raised to Outperform at Credit Suisse.
Goldcorp Inc. (NYSE: GG) Cut to Underweight at HSBC.
Intel Corporation (NASDAQ: INTC) Cut to Neutral at Roth Capital.
LDK Solar Co., Ltd. (NYSE: LDK) Started as Neutral at Roth Capital.
Microsoft Corporation (NASDAQ: MSFT) Cut estimates ahead of earnings season at Credit Suisse.
OpenTable, Inc. (NASDAQ: OPEN) Cut to Neutral at BofA/ML.
PennyMac Mortgage Investment Trust (NYSE: PMT) Started as Buy at Citigroup.
Tenet Healthcare Corporation (NYSE: THC) Raised to Buy at Jefferies.
Tesoro Corporation (NYSE: TSO) named as Bull of the Day with Outperform rating at Zacks.
True Religion Apparel Inc. (NASDAQ: TRLG) Started as Buy at BB&T.

You can join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Analyst Calls Tagged: ALU, CPB, CS, CYH, FRX, GG, INTC, LDK, MSFT, OPEN, PMT, THC, TRLG, TSO

Top Active Trader Alert Stocks (INTT, MELI, MPWR, POT, BHP, QCOM, TRLG, URRE, WFMI)

Administrator — Thu, 04 Nov 2010 13:03:49 +0000

Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of inTEST Corp. (NASDAQ: INTT), MercadoLibre Inc. (NASDAQ: MELI), Monolithic Power Systems Inc. (NASDAQ: MPWR), Potash Corp. of Saskatchewan (NYSE: POT), BHP Billiton plc (NYSE: BHP), QUALCOMM Incorporated (NASDAQ: QCOM), True Religion Apparel Inc. (NASDAQ: TRLG), Uranium Resources, Inc. (NASDAQ: URRE), and Whole Foods Market, Inc. (NASDAQ: WFMI).

inTEST Corp. (NASDAQ: INTT) is getting smoked after earnings; shares are down 25.8% at $2.47 on thin volume versus a 52-week range of $0.60 to $4.65.

MercadoLibre Inc. (NASDAQ: MELI) is down after the auction and commerce site in Latin American showed revenue of $56 million, short of $62 million consensus; shares are down 4.2% at $61.95 and the 52-week range is $35.50 to $76.81.

Monolithic Power Systems Inc. (NASDAQ: MPWR) is not so monolithic after weak earnings; shares are down 11.7% at $14.88.

Potash Corp. of Saskatchewan (NYSE: POT) is unsurprisingly lower now that Canada blocked the BHP Billiton plc (NYSE: BHP) acquisition of the company. Potash Corp. shares are down 4.5% at $138.90, its lowest levels in some time since the merger came up; BHP shares are up 4.5% at $89.94 to new 52-week highs.

QUALCOMM Incorporated (NASDAQ: QCOM) beat earnings last night and raised its 2011 guidance based on strong smartphone demand. Shares are up 7.7% at $49.21 on more than 1 million pre-market shares.

True Religion Apparel Inc. (NASDAQ: TRLG) showed that expensive jeans aren’t immune to the world… it lowered guidance for the full year to $1.78 or lower versus $1.88 EPS consensus. Shares are down 9.1% at $18.30.

Uranium Resources, Inc. (NASDAQ: URRE) is soaring after entering a letter of intent for exploration with Cameco to explore Texas properties. Shares are up 13.5% at $1.94.

Whole Foods Market, Inc. (NASDAQ: WFMI) is continuing to make gains after effectively doubling earnings and raising guidance. Shares are up almost 9% at $44.66, a new 52-week high after the prior range is $24.94 to $43.18.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Pre-Market Activity, Trading Alert Tagged: BHP, INTT, MELI, MPWR, POT, QCOM, TRLG, URRE, WFMI

The Twitter-24/7 Wall St. Stock Market Report 5.24 The Wisdom Of Crowds?

247wallst — Mon, 24 May 2010 12:48:29 +0000

Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds.

24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, MarketWatch, CNBC, and 24/7 Wall St. each day to see which stocks are most frequently mentioned. It is clear that in this area of social media these tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 Twitter users which makes them a sizeable sample of Wall St.’s interests. In some cases, we will publish the actual tweets from the sites.

Among the daily top trending symbols on stock twitter aggregator StockTwits are Google Inc (NASDAQ: GOOG), Chipotle Mexican Grill, Inc (NYSE: CMG), Rambus, Inc. (NASDAQ: RMBS), True Religion Apparel, Inc. (NASDAQ: TRLG), Family Dollar Stores, Inc. (NYSE: FDO), Cliffs Natural Resources, Inc. (NYSE: CLF), VMWare, Inc (NYSE: VMW), and Novell Inc (NASDAQ: NOVL).CNN Money: Oil sputters in choppy trading http://bit.ly/do0xs0

Reuters Biz: IBM to buy Sterling Commerce from ATT for $1.4 billion http://link.reuters.com/tej95k

Reuters Biz: Bank of Spain takes control of savings bank CajaSur http://link.reuters.com/vej95k

MarketWatch: Commentary: BP’s Hayward is haywired on spill, er, leak http://bit.ly/dvk6Cn

FT: Berlin prepares for €10bn yearly cuts: The German government is to begin a drastic budget austerity programme next… http://bit.ly/a24x1k

FT: Anger at White House over oil spill role: The Obama administration faces mounting criticism against its handling o… http://bit.ly/b80fRk

Douglas A. McIntyre

Filed under: Research Tagged: CLF, CMG, FDO, GOOG, NOVL, RMBS, TRLG, Twitter, VMW

Select Retail Short Squeezes? (PSUN, FINL, TRLG)

247wallst — Wed, 16 Dec 2009 20:22:50 +0000

Short sellers could be on the run here in several retailers. Each day our software tracks stocks that have high short interest and are either short squeezes or potential short squeezes in a real time.

After the FOMC announcement, several stocks in the retail space are shaping up nicely as potential short squeezes. Noteworthy moves today include Pacific Sunwear (NASDAQ: PSUN) up 4.13%, Finish Line Inc. (NASDAQ: FINL) up 3.22% and True Religion Apparel Inc. (NASDAQ: TRLG) up 2.00%.

Pacific Sunwear (NASDAQ: PSUN) has 3,356,015 shares in the short interest with a short ratio of 2.62. Finish Line Inc. (NASDAQ: FINL) has 2,592,396 shares in the short interest with a short ratio of 3.58

True Religion has 5,413,732 shares short with a short ratio of 8.75. The stock has recently pulled back from $28.90 to $18.84. Estimates are for $1.88 this year and $2.10 for next year which hardly makes this an expensive name.

What are the short sellers thinking?

Geoffrey A. Garbacz, GoodMorningWallSt.com

Posted in Apparel, Retail, Short Interest Tagged: FINL, PSUN, TRLG

True Religion: Raised Guidance A Warning (TRLG)

247wallst — Tue, 03 Nov 2009 21:23:08 +0000

The great growth mystery of True Religion Apparel Inc. (NASDAQ: TRLG) might be coming in too light. After the close of trading, the high-end, or at least high-priced, jean and apparel maker posted earnings of $0.58 EPS on $82.4 million in revenues. While that is still growth in revenues, this is under the Thomson Reuters estimates of $0.59 EPS and $84.62 million in revenues. There is “raised guidance” from the company, but there are issues despite revenues being up almost 4% from a year ago.

The company also raised guidance. Revenues are effectively unchanged in guidance to a range of $295 million to $300 million in revenues, but earnings are now put in a target of $1.82 to $1.86 EPS versus prior guidance of $1.76 to $1.84 EPS. The problem is that Thomson Reuters already has estimates at $303.07 million in revenues and $1.88 EPS.

The problem here is not the growth or lack of growth, particularly if you take just the mid-point of revenue guidance and see that it is roughly 10% revenue growth from 2008. It is that the growth of the past and the valuations reached levels controversial enough and it defied logic (of many anyhow) to the point that the demands from analysts and investors became more and more. And many investors and skeptics wonder how long $100 to $200 (and higher) blue jeans can hold up in the ‘new normal.’

With a 3% gain today to $26.56, this was at the top of a $7.80 to $28.90 52-week trading range. The company also ended the day with a $638 million market cap. This stock briefly hit $30 in 2008 before it began a hard slide down to under $10.00 by the height of the market malaise in March-2009. The most recent short interest data shows some 5.41 million shares short, which is about 24% of the entire float.

Shares are down 10% at $23.70 in the after-hours session.

JON C. OGG
NOVEMBER 3, 2009

Posted in Apparel, Earnings, Earnings Warning Tagged: TRLG