True Religion will have their conference call this Thursday after the bell to discuss 4th quarter results.  The company has been opening alot of stores in the US over the last couple of months, and seem to be putting everything into place.

There are some reasons for concern though.

Last week, Charles Lesser, the company's CFO, left the company.  Generally, this is not good news.  Speaking to other investors, it was said that he wasn't good for Wall Street, and that's why they got rid of him.  But to be honest, I'm not sure if it's a good thing.  Generally, the departure of a top executive is not a good thing.  We will find out this week.  Furthermore, the new CFO's compensation is being linked to lower number estimates than Wall Street has guided for.  This could mean that the company is expecting not to come in above Wall Street guidance, and possibly that they are being affected by the slowdown in spending already.

Speaking to someone who was recently in China for the new year, I was told that many True Religion products are not being found in places where they were abundant last year.  This is pretty significant, as Japan was the country that was expected to experience a rollback, not China.

As of right now, I only hold the January 2009 options.  I am holding them at the moment, and do not plan to sell before the call.  If shares dip lower before the earnings call, I may pick up some more, but will be cautious.  I think that although TRLG will be a great long term growth play, we could see cheaper prices in the coming months.