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True Religion Apparel, Inc. Message Board

  • pjinvestmentco pjinvestmentco Mar 21, 2013 10:52 AM Flag

    Update on takeover today NY Post

    09:30 EDT TRLG True Religion PE bidders drop out over price, NY Post says
    The remaining prospective bidders circling True Religion, which includes Gores Group, Sycamore Partners and a third private-equity firm have dropped out of the auction because they believe its shares have become too expensive, according to The New York Post, citing sources. One source said a deal near $30/share might be possible, the report added

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    • Cramer just mentioned TRLG in conjunction with todays news regarding the NY Post article, and Mr. Lubells contract not being renewed. He cited other co.'s where ceo's resign not being good news, etc. However, TRLG popped 1.11 on 3/4 on the initial news of Mr. Lubells contract. So that is considered good news by investors. So I'm not so sure if Cramer knows all the details.

    • They are shaking the tree... surprised they only got ~750k shares out. I bet they were hoping for more, maybe this can squeeze a couple extra bucks out of them on an average cost basis.. could get you to $32ish

      • 1 Reply to mining_air
      • Not sure what the BOD is seeking, obviously, but as I see it, $1.91 in eps with a multiple of 13 equates to $24.70. Add in the cash and it comes out to $32.70. Mr. lubells "severance" of 25M is now off the table. Perhaps this is why the co. came out with the news it did yesterday regarding other options other than a sale. However, I believe the cash balance will continue to grow, and wholesale seems to have bottomed and picking up. Everyone seems to think Ms. Koplin can do the job in the interim, perhaps the future as well. I still believe the right marketing will do wonders for this company, a route TRLG never explored in the past.

 
TRLG
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