Levi Strauss & Co. (LEVI) announced relative upbeat first quarter results, providing some comfort to its investors along the way. The company went public exactly a year ago, and shares started trading in the low-twenties, before falling below the $20 mark last summer. Shares traded at similar levels at the start of this year, as the current woes in the economy and, certainly, the retail sector have hit the shares hard. After recovering about ten percent in response to the earnings announcement, shares now trade at just $13 per share.
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