Phillips-Van Heusen (PVH) Looks Chic Going into 2009 Holiday Season - Cramer
Phillips-Van Heusen (NYSE: PVH) has remained relatively flat since beating Q309 earnings estimates by a whopping 21% and raising FY09 guidance. This, Jim Cramer says, makes PVH a very attractive investment going in to the holiday season.
For those not familiar with the company, Van Heusen is so much more than just Van Heusen. The company has rights to Calvin Klein, ARROW, IZOD (Indy car anyone?), Eagle, BCBG Max Azria, Sean John, Kenneth Cole Reaction, Donald J. Trump Signature Collection, JOE Joseph Abboud, DKNY, MICHAEL Michael Kors brands and Bass Shoes, among others. It's a pretty big deal, offering a wide range of clothing selections for all price points.
The company is trading at just 1x its growth rate, making the stock cheap, says Cramer. The company is also up about 197% since March lows.
Jim also thinks that this holiday season will see a consumer that is itching to spend, as confirmed by PVH's Chairman and CEO Emanuel Chirico.
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