Pantone
So as a company, getting compared to a nasty color being used to dissuade teens from buying cigarettes is generally something you would want to avoid.
Unfortunately, Tailored Brands, owner of Jos. A Bank and Men's Wearhouse, drew that exact comparison from short seller Andrew Left of Citron Research. Left, who famously helped bring down troubled pharmaceutical giant Valeant, sent out a tweet calling the company the "stock version of Pantone 448c."
The tweet comes the day after the
Apparently that did not impress Citron and Left.
$TLRD is showing that it is the stock version of Pantone 448C. Bankruptcy in the next 12 months. Nothing to save here. DEBT DEBT DEBT
- Citron Research (@CitronResearch) June 9, 2016
Left focused on the company's $1.6 billion in long-term debt since the firm has just $36 million in cash on hand. Thus, Left's thought is that the company will go bankrupt.
The stock is down 22% in trading Thursday, at $12.11 as of 1:29 p.m. ET.
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