The Men's Wearhouse, Inc. (NYSE:MW)
CAPS Rating:
A Specialty retailer of men's suits in the United States and Canada.
A Specialty retailer of men's suits in the United States and Canada.
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The Mens Wearhouse is one of those specialty retailers that offers designer, brand name, and private label merchandise, including suits, sport coats, slacks, business casual, dress shirts, sportswear, outerwear, shoes, and accessories.
This company was founded in 1974 and I can still remember the commercials from when I was a kid. Much like Dave Thomas was the CEO and figurehead of Wendy's, the Mens Wearhouse CEO is equally famous. 57 year old George Zimmer has been the spokesperson, CEO, and veritable mastermind behind the marketing and success of this company from day one. If you've ever heard one of the commercials you'll recognize the all too familiar catch phrase from George himself, "You'll like the way you look, I guarantee it." I don't know about you, but I find comfort in investing in a company where the CEO offers up a guarantee of satisfaction behind their product, especially one that's been around as long as this one.
This company has a fantastic management team backing Mr. Zimmer, and they have significant inside ownership. According to my valuation, if they grow at the industry average, the stock is priced at a nice discount right now, but with a solid business like this I'm looking at this one for the long haul.
Go Long,
Fool On!!!