Jefferies is "Optimistic" About Guess 1Q

Jefferies reports that a key part of its investment thesis on shares of Guess

has been to “buy global growth names as these names have better revenue visibility and positive margin offsets.” “While this call has largely worked, GES remains one of just a few global consumer discretionary names yet to play out favorably,” Jefferies writes. “We believe the biz has now reached stabilization and expect the stock to start heading higher in 2011. We list 10 reasons we are optimistic heading into 1Q.” Guess closed Friday at $41.28.