Author Topic: TLRD - Tailored Brands  (Read 4564 times)

Spekulatius

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Re: TLRD - Tailored Brands
« Reply #10 on: February 22, 2019, 06:10:55 PM »
I see an improving balance sheet story here...

Q3 2019 / Q3 2018 shows a debt reduction of $325m...this might have been part of the 25bp TL reduction negotiation?

The lost Macy's contract deal likely speaks to inventory reductions? 

op cash flow is marked at $200m for 6 months, sub capex of $25m, sub divi of $20m, sub $42m int exp, you still get  $113m over 6 months ... 10x this figure gives you $1B mcap from $650m mcap, what about the other half of the year?

despite the naysayers, the stock appears to have a material margin of safety

I don't like fashion businesses having seen the cycles, but cheap suits and tux rentals will always be a part of the American fabric ;)

I have no comment on the valuation, but I think we will see even formal events (wedding etc) evolve with attending people wearing casual clothing. NYC will probably be behind the eight ball with this trend, but I have seen this already in CA.
To be a realist, one has to believe in miracles.


walkie518

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Re: TLRD - Tailored Brands
« Reply #11 on: March 04, 2019, 03:51:12 PM »
big move today on ... nothing? in anticipation of an awful quarter?

walkie518

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Re: TLRD - Tailored Brands
« Reply #12 on: March 13, 2019, 05:32:10 PM »
well, here it is

https://content.equisolve.net/_e1b04ac72d1e6d911df0e3222f59eb4e/menswearhouse/news/2019-03-13_Tailored_Brands_Inc_Reports_Fiscal_2018_Fourth_1865.pdf

interesting point is that the company paid down $232m in debt yet has a $580m mcap...AH looks like a bloodbath, my guess is it moderates prior to open

this might create an interesting buying opportunity

if sales are on a slow decline, TLRD could still buy all of the stock before sales disappear...