The Warnaco Group, Inc. (NYSE:WRC)
CAPS Rating:
The Company designs, sources, manufactures, markets, licenses and distributes intimate apparel, sportswear and swimwear worldwide.
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The Company designs, sources, manufactures, markets, licenses and distributes intimate apparel, sportswear and swimwear worldwide.
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Fool UK
Recs
Apparel maker, caught between rising cost of goods and retail stores
not adding to inventories and non-existent consumer drive-in
traffic...near $50 here, not far off from 52-week high...their recent
results have dressed them up smartly but we anticipate a defrocking
here...the emperor's new clothes are too expensive...we may have to
wait for a while but would be looking for a negative surprise or two
in quarterly results and a retrace towards $30 or so (52-week low is
$28.70).