Staying Cool, Calm and Casual
The problem with value stocks is that they tend to stay in deep value territory until they actually prove they are growing again, especially in this market. That's surely this case with shares of Casual Male (CMRG), a name I discussed in my Feb. 16 column. Another tepid quarter has kept this stock moribund, but I remain convinced that this stock has solid upside while being close to its floor now.
Casual Male is the largest retailer of big-and-tall men's apparel, operating more than 400 Casual Male XL retail outlets, 13 Rochester clothing stores and 24 Destination XL stores. It also makes sales via catalogs and e-commerce sites. The firm has operations in the U.S., Europe and Canada. Although the eponymous Casual Male outlets are by far the most numerous properties right now, the firm's small but growing number of new Destination XL stores is Casual Male's future....521 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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