March 13, 2008

Stay Away from Men's Warehouse

The Fool has an article on the Men's Warehouse after the retailer announced their 4th quarter results. To summarize:

"Men's Wearhouse used to be a well-run retailer; now it has seriously lost its way. Management gave guidance of fiscal 2008 earnings of around $2.00, but I don't have much confidence in the outlook. Until management figures out how to integrate the tuxedo rental business, and stem the tide of declining sales, I suggest you avoid this company."

Other authors have been bullish on the company and its prospects, but that was before this earnings announcement. Let's see if any new articles surface over the next week.

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