Apparel retailer Guess (NYSE:GES) has certainly had a rough couple of years. As the business has deteriorated profits have followed suit and the stock has been hammered, falling 50% from its high in late 2013. Guess has a lot of operational issues to work through and we got a glimpse into how that work is progressing when the company reported earnings yesterday. The stock traded up huge into the report but initial reactions to the report itself are less than enthusiastic. Guess is certainly an interesting company at this point in time so in this article, I'll take a look at Guess to see if the turnaround is progressing enough to warrant a long position or if the stock is still expensive despite the pounding it has taken. Read more