how many times do you need to post this. old story nothing new. LA guy comes back from drug problem tonight on acess hollywood. Maybe if you said that guez "brings on new team to help grow bussiness" or "Guez has learned to delegate while he works on branding and design" that would be useful. But you have to bring up a 20 year old drug problem as if that counts more than sales or earnings.
It looks to me like guez lost focus in the second half of last year because of the merger with Long Rap inc. trying to grow too fast thru retail outlets. He has now brought on a new team to help grow the brands and with cutting costs.
bring up drug problems from when you were in diapers is dumb and a personal attack.
So i didnt read your whole post. The only reason i be posting the story even though old is that guez old habits die hard i am not judgeing him in fact i am glad he got his act together more power to him. Fact are this type of press public and quite damming can really hurt the rep of a co.It also makes the co a very hard sell actuallt impossible for anyone hocking the shares. Just imagine if your financial professional said you should invest in this co and then you find this information doing a random search. It is quite obvious why the pps is so low a 1 for 29 split in 05 to prop the price above five no workey. In addition insider deals such as the one also mentioned in the Lubove research Guez has cut millions of dollars in deals among companies he controls or owns stakes in. In 2005, Blue Holdings bought $3 million of fabric and finished goods from Blue Concept LLC, another company Guez controls.
Blue Holdings also pays Blue Concept a monthly fee of $78,500 for human resources, sales, purchasing and other services, according to SEC filings. Blue Holdings paid another company, Azteca Production International Inc., $2 million in 2005 for ``sewing and processing charges,'' according to a proxy statement filed with the SEC in April. Guez and his brother Hubert control Azteca, a Mexican contract manufacturing firm.
Guez, Hubert and their brother Gerard have undertaken similar transactions. Guez and Hubert, for example, control 4.8 million shares, or about 12.5 percent, of Commerce, California-based Innovo Group Inc., which makes Joe's designer denim. Innovo bought $64 million of goods from Azteca last year, or 68 percent of its total supplies, according to Innovo's 10-K filing with the SEC. Gerard is chairman and 39 percent owner of Los Angeles-based Tarrant Apparel Group, which bought $49 million of goods and services from Azteca from 2003 to '05, according to Tarrant Apparel's 10-K.
``I don't like them,'' Beder says of such insider deals. ``Paul has one more big entity in him, and this is his big run. It has to be super-efficient and really squeaky clean to get the respect that he craves and deserves.'' It does appear that you at least read the story and that is good IMHO it is a good piece of research that any investor should read prior to taking a position in a risky penny play such as BLUE I bought becouse of brand control and Blue is my favorite color. I did like your post about guez stepping down to concentrate on design although this may not be his strong point. I think cutting deals through contacts is and will be his main function. Hopefully Glenn Palmer will be able to raise this up from the haze and saturated high end jean market. Carry on with intellegent posts Best reguards ~ZONE~