TLRD

Tailored Brands Inc

Consumer, Event Driven/Special Sit


Presented:07/30/2014
Price:$51.58
Cap:$2.47B
Current Price:$0.10
Cap:$0.00B

Presented

Date07/30/2014
Price$51.58
Market Cap$2.47B
Ent Value$2.49B
P/E Ratio449.72x
Book Value$21.53
Div Yield1.5%
Shares O/S47.97M
Ave Daily Vol780,000
Short Int5.89%

Current

Price$0.10
Market Cap$0.00B
The Men’s Wearhouse, Inc., together with its subsidiaries, operates as a specialty apparel retailer in the United States and Canada. The company operates through two segments, Retail and Corporate Apparel. It provides suits, suit separates, sport coats, slacks, sportswear, outerwear, dress shirts, shoes, and accessories for men, as well as offers tuxedo rentals. The company also provides ladies’ career apparel, sportswear, and accessories; and children’s apparel. As of February 1, 2014, it operated 1,124 retail stores under the brand names of Men’s Wearhouse, Men’s Wearhouse and Tux, K&G, and Moores Clothing for Men. The company also sells its products through Internet at menswearhouse.com. In addition, it provides corporate clothing uniforms and workwear to workforces under the Dimensions, Alexandra, and Yaffy brands through managed corporate accounts, catalogs, and the Internet in the United Kingdom; and is involved in the retail dry cleaning, laundry, and heirlooming operations. The company was founded in 1973 and is based in Houston, Texas.

Please note, on 1/31/16 The Men’s Wearhouse (MW) changed it’s company name and ticker to Tailored Brands, Inc. (TLRD). The content of this idea will make reference to the original company name and ticker symbol.

Publicly traded companies mentioned herein: The Men's Wearhouse, Inc. (MW)

Highlights

Only July 29, The Men’s Wearhouse (MW) held its first Analyst Day since announcing its intent to acquire Jos. A Bank Clothiers Inc. (JOSB). The acquisition was completed in June, and investors had been eagerly awaiting details about the potential synergies and earnings guidance; however, management’s detailed presentation (150+ slides) seems to have fallen short of many investors’ expectations, and shares have fallen ~10% to $51. The presenter sees this as “a gift” and an excellent entry point, as enough details were provided to justify EPS expectations of at least $6 per-share (annual run rate) by 2016, and the potential for upside to $8-9 of EPS with only slightly more aggressive assumptions based on reasonable synergies above and beyond current guidance.

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Idea Discussion

Commentor 1 - 2 weeks ago

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