Value Investing News

True Religion shares closed the day at $16.24, up $1.28 on the day, representing a gain of nearly 9% on about 5 times average volume. Shares remain active after hours, up almost another 4%. While no official news has been released, the rumor behind this move calls for a management led takeover of the company, as reported by CNBC early this morning.

• http://www.themarleygroup.com/2007/03/true-religion-buyout/ (1)