True Religion May Have Increased Odds For Sale With Recent Management Move

Since Jeff Lubell, the CEO of True Religion

stepped down Tuesday night, the odds of the company being purchased have increased, according to Brean Capital analyst Eric Beder. Beder noted that the management change has presented a scenario where the potential buyer could implement its own management team at a much lower cost, which he believes would be the main catalyst for making the move. In the event that True Religion is purchased, he believes that $32 per share would be the minimum level based on price-to-earnings valuations. TRLG most recently closed at $27.16 on Tuesday, March 19th.