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Marshall Hargrave's  Instablog

Marshall Hargrave
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Former registered investment adviser rep and current entrepreneur. CFA Level 2 Candidate. Started with out NMFN before venturing out on my own. Now running an equity research company.
My company:
Bridgewater Investments
My blog:
  • Truth In True Religion (TRLG)'S Numbers 0 comments
    Feb 19, 2013 4:17 PM | about stocks: TRLG, VFC, RL, WRC, PVH


    True Religion Apparel (NASDAQ:TRLG) saw its stock pushed up over 20% after posting earnings last week; is the stock now too expensive to consider it a buy? It doesn't appear so. The retailer's EPS came in at $0.55, compared to analysts' estimates of $0.53, with revenue up 14.7% from the same quarter last year. What really helped push the stock up was upgraded guidance. The company boosted first quarter 2013 EPS guidance to a range of $0.33 to $0.35, and full year 2013 EPS $1.89 to $1.95. The mid-range full year 2013 guidance now falls above previous analyst expectations of $1.91 per share. This better than expected performance and upgraded guidance suggests that True Religion's turnaround is showing signs of taking hold.

    read the rest at the stockpucker blog...


    Themes: hedge funds, retail Stocks: TRLG, VFC, RL, WRC, PVH
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