True Religion (TRLG) Should Stick To What It Knows--Denim
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Kristin Bentz (aka The Talented Blonde) is currently at the ICR Xchange in California and blogged as she listened to the True Religion (Nasdaq: TRLG) presentation. Kristin notes there is an obvious denim glut and she is not drinking True Religion's Kool-Aid.
Here is a little excerpt from what she wrote on RealMoney: "I used to love this brand (True Religion), don't get me wrong. But this is a brand that got lucky. Here is the good: $1.90 in cash per share. No debt. Now, the bad: handbags. fragrance. swimwear. bedding. BEDDING?"
Here is a little excerpt from what she wrote on RealMoney: "I used to love this brand (True Religion), don't get me wrong. But this is a brand that got lucky. Here is the good: $1.90 in cash per share. No debt. Now, the bad: handbags. fragrance. swimwear. bedding. BEDDING?"
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