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TRLG is at its lowest point since early 2011. |
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Released on Tuesday, August 4, 2012, 6:15 AM ET
Pittsburgh, PA (SpeculatingStocks) - True Religion Apparel, Inc. (NASDAQ:TRLG) is the market of high end denim products including jeans and other apparel. True Religion moved from the ground floor to an established player in the apparel industry.
Several celebrities have been spotted in True Religion jeans including Megan Fox, Jessica Alba, Kate Beckinsale, Jessica Simpson and many others. This has been great free marketing for the branded apparel company.
It appears that TRLG shares may have hit a bottom. In its most recent session, TRLG closed at $21.78, up from its 52-week low of $20.22 hit a couple trading days before.
True Religion apparel is the type of apparel that only people with expendable income would think about buying. The wealthy can afford them without matter to the economy. It looks like the economy should not affect TRLG much further.
TRLG has grown sales each of the last three years from $311 million in 2009 to $363 million in 2010 to $419 million in 2011. Net income last year came in at approximately $45 million.
The market is beginning to rebound and it looks like TRLG could be one of the big individual stock rebounders.
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