Tuesday, December 28, 2010

Standpoint Research Initiates Coverage on True Religion Apparel

Standpoint Research is initiating coverage on True Religion Apparel (NASDAQ: TRLG) with a Buy rating and $33 price target (58% upside).
In a notebook, view for the customer wrote: "TRLG trading stock now in < 10x cash flow and < 12 free cash flow; income purity 97%; 3 years and 5 years of income and earnings per share growth figures are in 13% - 29% scope; P/S is 1.5 X and electric car/EBITDA was 5 times. Market 5.3 million dollars will cover, so the company can easily double here, in the next five years, since 2005. We see > 50% of the upper, in this name $33 or took us to a below consistent (15x $2.20 for EPS potential overlooking 2012-2013."
TRLG 3Q2010 8 store opened, will all of its stash to 89 shops, and disturbing the 3Q2009 unified from enhancement.
TRLG 21.49 $exchange.

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