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TLRD - Tailored Brands: Crumpled Quarter Expected But Everything Will Smooth Out
Tailored Brands Inc.
In my previous article about Tailored Brands (TLRD), I discussed how undervalued TLRD is due to the extremely pessimistic narrative. The share price only moved up about 13% since then and the short interest stands at close to 59% of float as of 11/15/19. While the GAAP quarterly earnings to be announced this week will be bad due to one-time noncash charge, considering continuous debt reduction and modest buybacks, the shares should appreciate significantly in the medium to long term, to at least $11-15, representing a 114-192% upside from the current share