Casual Male Retail Group, Inc. (CMRG)

Casual Mail Retail Group gets my upthumb at this price level. Yes, I've down thumbed SAKs, Dillards, LIZ and others and been taken to the cleaners by a drunken Mr. Market. Down thumbs on beaten up retailers don't pay. Hoping Mr. Market gets drunk and runs one up is also a risky, (but safer play). Finding one that Mr. Market has taken to the cleaners that is 10x more viable than SAKs or Dillards looks like a real win, (OVER the long term).
Casual Male did lose money this past quarter. Their cash flow, however, continues to be postitive and they've beaten down the mininal debt load they had considerably. Inventory is down. The economy is ??? Well two out of three ain't to bad in this game. They were also punished by Mr. Market for being honest on forecasts. Mr. Market would much rather be lied to and disappointed than told the truth upfront. Down $1.4 Million in Q3. Sales down 11%, male consumer fickle and more likely to avoid the retail stores in harder times. The good. Accounts payable down by 30% yoy, debt down by over 40% yoy, inventory down by 30% yoy. I like Casual Male's chances of making a profit as the female shopper hits the stores for the Christmas season. You have to dress up for those parties and job interviews. Clothing will need replaced. Causual Male is a good retail outlet in moderate economic times. IF they post a profit next quarter, upside could be very good. If not, they are not BK material and the share price is already about as low as I would expect it to go barring a really negative miss.