TAGS

[saffeysite1]

Keep on Radar.

[saffeysite1]

Cleared 50 and 200 MA today.  Volume is triple.  Insider buying on FRi.
I got the buy signal on.

[eliteG]

Admiral Saf.. I got something on my radar.  Its an ascending triangle and we got volume comin in.  Look out 

[calven]

Im interested in TAGS but it seems like it needs a little pullback... TAGS would be a buy around $4.00 IMO. What do you guys think?

[saffeysite1]

I would agree. I never like chasing a stock.  I think a pullback to $4 is a nice entry.

[wrangler]

AP
Tarrant Apparel Moves to 3Q Profit
Thursday November 10, 6:43 pm ET 
Tarrant Apparel Group Swings to Third-Quarter Profit on Higher Sales From Private Brands

LOS ANGELES (AP) -- Private-label apparel designer Tarrant Apparel Group on Thursday swung to a third-quarter profit on sharply higher sales in its private brands and private labels businesses.
Earnings were $1.7 million, or 6 cents per share, compared with a loss of $4 million, or 14 cents per share, in the year-earlier quarter. Revenue climbed 83 percent to $69.6 million from $38.1 million.
Private brands revenue ballooned to $22.6 million from $2.8 million in the 2004 quarter, driven by strength in its American Rag and Alain Weiz brands and successful launches of its new lines by singer-celebrity Jessica Simpson, JS and Princy. Private label sales jumped to $47 million from $35.3 million.
"We nearly doubled our margins and grew the private label business by expanding the product mix beyond casual bottoms and attracting new customers," said President and Chief Executive Barry Aved.
Tarrant reaffirmed its forecast for full-year sales of $210 million to $215 million and raised its net income projection to between $2 million and $2.5 million from a prior view of $1 million to $2 million.
The company's shares added 39 cents, or 36.8 percent, to $1.45 in aftermarket activity, after closing down 2 cents to $1.06 on the Nasdaq. The stock has traded in a range of 86 cents to $4.22, over the past year.

[setravis]

LOS ANGELES, Dec 07, 2006 (BUSINESS WIRE) -- Tarrant Apparel Group (TAGS, Trade), a design and sourcing company for private label and private brand casual apparel, announced today that it has entered into a definitive agreement to acquire certain assets and entities comprising the Buffalo Group. The purchase price of up to $120 million consists of approximately $40 million in cash, $15 million in promissory notes, shares exchangeable into a total of 13 million shares of Tarrant Apparel Group's common stock, earn-out payments of up to $12 million based upon the Buffalo Group achieving certain earnings targets over the next four years, a contingent payment if Tarrant Apparel's stock does not reach a minimum price over the next five years, and the assumption of debt. The Buffalo Group is a designer and manufacturer of contemporary lifestyle brands and had revenue for the first nine months of fiscal 2006 of $75 million. It had revenue of $104 million for fiscal 2005. Additional information on the company can be found at www.buffalojeans.com

The Company anticipates completing the Buffalo Group acquisition during the first quarter of 2007, and expects the acquisition to be accretive to the Company's 2007 earnings. The completion of the acquisition is subject to a number of conditions, including approval of the Company's shareholders, the Company's receipt of financing, obtaining certain third party approvals and other customary closing conditions. Guggenheim Corporate Funding, LLC is expected to provide the Company financing for the cash component of the transaction. Durham Capital acted as advisor to Tarrant Apparel in connection with the financing.

Founded in Canada in 1985, the Buffalo Group's main focus is contemporary lifestyle brands. The Buffalo Group's product line includes womenswear and menswear, along with a diverse range of products which include belts, shoes, lingerie and sleepwear, kids wear, watches and home decor operated under licensing agreements. In addition, products in development include sunglasses, swimwear and fragrances.

The Buffalo Group operates 45 retail locations in Canada under the Buffalo by David Bitton name. It also distributes its clothing through upscale retailers such as Bloomingdale's, Nordstrom's, Fred Segal's and Macy's East and West. The Buffalo Group currently has approximately 200 stores within stores. The company's target audience is women and men ranging from approximately 16 to 35 years of age.

The Buffalo Group's recent growth has been driven by its U.S. wholesale operations. Buffalo Group sells its apparel to Macy's, Lord & Taylor, Bloomingdale's and Nordstrom's. In addition to strong growth in North America, Buffalo has a strong brand presence in the UK, Latin America, Mexico, Southeast Asia and the Middle East, with growing presence in Italy, Greece, Ireland and other locations across Europe operated under licensing agreements.

"We believe this transaction will enhance Tarrant Apparel's growth by creating powerful marketing synergies," said Gerard Guez, Chairman and Chief Executive Officer of Tarrant Apparel Group. "Buffalo has outstanding relationships with key retailers that we can use as a platform to sell additional products. In addition, Buffalo is a major brand in Canada through the broad coverage it has via its retail locations. We expect that we will be able to build on its reputation in Canada through the opening of additional locations, and anticipate expanding the retail business into the U.S. The acquisition will also enhance Tarrant Apparel's margins through a higher level of Private Brands business, and better diversify the Company through a well balanced mix between men's and women's clothing. I look forward to working closely with Gaby Bitton and the other four brothers who have played such an instrumental role in Buffalo's success. With the infrastructure to support a significantly greater business than we have today, we believe the combination of the two companies will result in greater efficiencies and improved results for shareholders."

Following completion of the transaction, Gaby Bitton will serve CEO of the acquired businesses and will be appointed to the Company's Board of Directors. The other four Bitton brothers, Charles, David, Gilbert and Michel will also hold senior level positions in the new company. The sellers also will have the right to appoint a second member to Tarrant Apparel's Board of Directors.

"We are excited to enter into this agreement with Tarrant Apparel," said Gaby Bitton. "The combination of the two companies will result in a significant retail presence for Buffalo to sell its products, and we believe, a better balanced company which has strong relationships with leading retailers and a dynamic mix of products in the Private Brands and the branded wholesale businesses. We look forward to working closely with Tarrant's management team to help create an even stronger company from the existing businesses of each organization."

Conference Call

The Company will host a conference call and audio webcast today at noon Eastern Time to discuss the transaction in greater detail. The conference call may be accessed by dialing (877) 770-6099. A replay will be available through January 7, 2007 by dialing (800) 642-1687 (domestic) or (706) 645-9291 (International). The required pass code for the conference call and replay are 3953649.

A live broadcast of the conference call can also be accessed via the Internet at http://www.tags.com. The archive of the webcast will be available for 30 days following the conclusion of the teleconference.

Forward-Looking Statements

Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Examples of forward looking statements in this news release include statements about the company's ability to complete the acquisition, its ability to obtain financing for completion of the acquisition, the effect of potential synergies and improved margins of the combined business, expansion of the Buffalo Group's retail operations, and its sales of products to new customers. Factors which could cause actual results to differ materially from these forward-looking statements include, among other things, delays resulting from SEC review of our proxy statement to be filed in connection with shareholder approval of the acquisition, the availability of financing on terms which are acceptable to the Company, its ability to successfully integrate the combined companies, the ability to meet debt and future payment obligations as they become due, and acceptance by customers of new products of the combined business. These and other risks are more fully described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Additional Information and Where to Find It

Tarrant will be filing a proxy statement and other relevant documents concerning the proposed transaction with the SEC. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ON THE PROPOSED TRANSACTION. Shareholders will be able to obtain the documents free of charge at the SEC's website (www.sec.gov). In addition, documents filed with the SEC by Tarrant with respect to the proposed transaction may be obtained free of charge by contacting Tarrant Apparel Group, 3151 East Washington Boulevard, Los Angeles, California 90023, Attention: Corazon Reyes (tel.: (323-780-8250).

SHAREHOLDERS SHOULD READ THE PROXY STATEMENT CAREFULLY WHEN IT BECOMES AVAILABLE BEFORE MAKING ANY VOTING DECISION.

Tarrant and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Tarrant. The directors and executive officers of Tarrant include: Gerard Guez, Corazon Reyes, Simon Mani, Milton Koffman, Stephane Farouze, Mitchell Simbal, Joseph Mizrachi, Todd Kay, Charles Ghailian and Henry Chu. Collectively, as of December 1, 2006, our executive officers and directors and their affiliates owned approximately 43% of the outstanding shares of our common stock. Gerard Guez, our Chairman and Interim Chief Executive Officer, and Todd Kay, our Vice Chairman, alone owned approximately 33.1% and 8.4%, respectively, of the outstanding shares of our common stock at December 1, 2006. Shareholders may obtain additional information regarding the interests of such participants by reading the proxy statement when it becomes available.

SOURCE: Tarrant Apparel Group


CEOcast, Inc. for Tarrant Apparel Group 
Andrew Hellman, 212-732-4300 

Copyright Business Wire 2006 ********************************************************************** As of Sunday, 12-03-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated a DOWNTREND on 08-15-2006 for TAGS @ $1.34. For more information on Comtex SmarTrend? Alert, contact your market data provider or go to www.CSTADirect.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright ? 2004-2006 Comtex News Network, Inc. All rights reserved.

[setravis]

"TAGS" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.       
All history on a stock pick in 1 thread is awesome.      

Thank You....and good luck with all your trades....make some $$$     

[setravis]

The growth play....

Business Overview
BRIEF: For the six months ended 30 June 2006, Tarrant Apparel Group's revenue increased 26% to $120.3M. Net income increased 89% to $1.5M. Revenues reflect an increase in sales of private labels primarily from increased sales to Chico's, Mervyn's, Mothers Work and Macy's Merchandising group. Net income reflects improved operating margins, the absence of other expenses and lower taxation. http://www.tags.com/

52wk Range: 1.02 - 2.20
Volume: 995,648
Avg Vol (3m): 53,052.3

Technicals
Close Above the 13-day MA
Percentage Gainer

Last Price Quote is:
21.12%above 13-day MA
17.46%above 50-day MA
RS Rating: 54 

Fundamentals
Key Data:
Market Cap (M): $45.82 
P/E Ratio: 27.53 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Hold

Float (mil) 18.80....Shares Outstanding (mil) 30.54

[setravis]

AP
Tarrant Apparel Swings to 4Q Profit
Monday March 26, 9:21 am ET 
Tarrant Apparel Swings to 4th-Quarter Profit, As Sales Rise, Margins Improve


LOS ANGELES (AP) -- Tarrant Apparel Group, a maker of private-label clothes, on Monday said it swung to a profit in the fourth quarter as sales rose 16 percent and margins improved.
For the quarter ended Dec. 31, net income totaled $1.7 million, or 6 cents per share, compared with a year-earlier loss of $1.5 million, or 5 cents per share.



Revenue rose to $57.4 million, from $49.7 million, helped by higher sales of private-label clothes and the company's American Rag brand.

Gross margin rose to 23.8 percent from 20.0 percent reflecting an increased contribution from the company's higher-margin Private Brands business, and improved margins in its Private Label business resulting from more efficient sourcing.

For the year, the company posted a loss of $22.2 million, or 73 cents per share, from a profit of $993,000, or 3 cents per share in the same period in 2005.

The 2006 loss included a non-cash reserve of $27.1 million relating to the recoverability of certain notes receivable.

Revenue grew 8 percent to $232.4 million, from $214.6 million in 2005.

Shares of Tarrant rose 45 cents, or 29 percent, to $2 in premarket electronic trading Monday.