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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: RumbleFish who wrote (13059)	8/22/1998 2:31:00 AM
From: put2rich	Read Replies (1) \| Respond to of 18691

Men's Wearhouse (SUIT) as short? I saw the ads on TV in the Southland (Los Angeles/Orange). Plan to visit one of the store and find out first hand. You think SUIT also has stores in other states?

To: RumbleFish who wrote (13059)	8/22/1998 3:04:00 AM
From: BDR	Read Replies (1) \| Respond to of 18691

Re: SUIT <<I think they're mainly in the South so maybe you folks in other parts of the country have never seen it.>> They have stores in Washington State and Arizona (at least). They have pretty good quality, pretty good prices. But I buy decent clothes about once a year and a new suit about every five years spending as little time as possible doing so, so what do I know. As for the financial situation, I really haven't looked at it. My impression is that they have been expanding rapidly and you can probably see their ads in most major markets. I GUARANTEE it!

To: RumbleFish who wrote (13059)	8/22/1998 12:11:00 PM
From: Mad2	Read Replies (1) \| Respond to of 18691

A quick look at this company shows a couple of things, 1) They have done shareholders well in a business that isn't growing (ie mens suits) as share price has risen from $5 in mid 92 to it's current level. 2) It appears that when insiders sell they time the market well. Bottom line is the company has done a good job using debt and equity to grow sales and shareholder value. However as to the future it doesn't appear that they have plans to open new stores ($30mil in new equity last summer was used to open around 45 new stores in the last year) as such their sales and profit growth will likely slow. Additionally earnings this past year have likely benifited from the strength of the dollar. How much more well they get here. IMO this stock won't tank overnight (unless the market does), but rather decline slowly as to reflect the P/E of a mature slow/no growth business. If your bearish on the market shorting this one could be a conservative bet in that direction.