Benchmark Co. said it believes a sale of True Religion is being negotiated and that private equity is the likely buyer. Recall the company announced in October 2012 that it was exploring strategic alternatives. Benchmark Co. thinks investors are more concerned with the possible sale than True Religion’s Q4 results and keeps a Buy rating on the stock with a $32 price target.
America has no tolerance for wealthy people griping about their financial woes. But they have concerns too.