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

To: RumbleFish who wrote (13070)	8/23/1998 11:32:00 AM
From: Jeffrey Beckman	Respond to of 18691

Last week's Barrons had an article, "Is it Time to Short Men's Wear Stocks". They suggest that expansion and reduced demand (particularly for casual wear) will cause future trouble. SUIT is mentioned as one of the larger stores in the tailored wear category, although nothing specifically is directed at them. This appeared last weekend, the same time of which Zimmer's photo appeared on the cover of IBD (last Monday's edition) in the Leaders and Success column. Recently , SUIT announced expansion into the NY/NJ area (48 stores anticipated), where they currently aren't present. There are rumors of them buying out Joseph A. Bank (JOSB), a smaller company, but one with a stronger Northeast presence. I don't GUARANTEE it though (g). Jeff