Thursday, March 16, 2006

True Religion

I covered the TRLG conference call last night for, and I thought the results were solid. The stock sold off in after-hours trading, but it back up today. It's not up much, as the results were not blowout. But EPS and revenues were in-line, and management did raise guidance slightly for Q1 and 2006.

I think that the stock is a good value here at roughly 16x fwd. earnings. I saw that 3 analysts raised their price targets for the stock this morning. I agree with most of them. Right now, I think the stock is still digesting its 100% run from November into February. But after some consolidation, I think the stock can move higher. I plan to keep my eye on it.


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