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The Company designs, sources, manufactures, markets, licenses and distributes intimate apparel, sportswear and swimwear worldwide.
Apparel maker, caught between rising cost of goods and retail storesnot adding to inventories and non-existent consumer drive-intraffic...near $50 here, not far off from 52-week high...their recentresults have dressed them up smartly but we anticipate a defrockinghere...the emperor's new clothes are too expensive...we may have towait for a while but would be looking for a negative surprise or twoin quarterly results and a retrace towards $30 or so (52-week low is$28.70).
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