Specialty Fashion’s Rivers of gold

For SFH, it’s not really about belt tightening … it’s about the Rivers purchase.

Specialty Fashion Group (SFH) looks like a bargain, but recent reports that Australian households’ newfound fiscal conservatism would give the women’s apparel retailer a nice sales boost this year are probably off the mark.

Don’t get me wrong. The stock is a good “buy” at current levels, but it’s the Rivers acquisition last year that is the name of the game for Specialty Fashion – not the rebound in consumer spending.

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