Maybe not, considering the slowing economy and the sharp sell-off in stocks. He calls leather the ''sweet spot'' in fashion today, and he's impressed with Wilsons' ''very focused'' management. He sees it doubling in 12 months. John Rouleau of Gruntal says shares of Wilsons have yet to reflect its acquisition of El Portal, a retailer of luggage and travel accessories. El Portal, adds Rouleau, will make Wilsons profitable all-year round, because its business is less seasonal.
Most retailers make their money in the fourth quarter.
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