Phillips-Van Heusen cuts f-y guidance

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aresky

PVH fiscal fourth-quarter net income climbed 13% on strong sales in its Calvin Klein licensing business amid a slowdown in consumer spending.

Shares fell in after-hours trading as the company cut its fiscal-year guidance and labeled its view "cautious."
Apparel maker Phillips-Van Heusen Corp. on Monday predicted first-quarter and full-year profit below Wall Street estimates.

http://news.moneycentral.msn.com/ticker/article.aspx?Feed=BW&Date=20080324&ID=8377499&Symbol=PVH

http://online.wsj.com/article/SB120639271978860487.html?mod=googlenews_wsj

http://www.forbes.com/feeds/ap/2008/03/24/ap4808543.html


Anyway the stock is not expensive
 
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