At least three downgrades so far on True Religion (TRLG) after posting Q4 EPS and revenue well...

|About: True Religion Apparel, Inc. (TRLG)|By:, SA News Editor

At least three downgrades so far on True Religion (TRLG) after posting Q4 EPS and revenue well below expectations and issuing downward 2012 guidance. Benchmark believes TRLG has a spending problem, not a revenue problem; the apparel company has "intentionally held back revenues to protect the brand." Brean Murray says TRLG needs to "rebuild credibility." Shares -20.8% premarket.