Elizabeth Arden: Another rough quarter, with little visibility
Oppenheimer notes RDEN's fiscal 4Q results were highly disappointing though not surprising, weighed down by the same headwinds that have existed throughout fiscal 2014. Further, the co provided directional guidance for fiscal 2015, which is hardly encouraging. As such, they are reiterating their Perform rating on the shares of RDEN, and continue to suggest caution on the name despite the pronounced pullback, as the shares still seem to be pricing in much improved EBITDA amid a lack of visibility.