True Religion Apparel
Well-known penny-stock expert Timothy Sykes calls True Religion Apparel (TRLG) "a pure Vancouver spam-fraud turned 'real' company." In fact, True Religion may be the best example of a sketchy penny stock turned successful company in the history of the stock market.
The catalyst for the company's rise was that its pricey designer jeans caught on and became extremely popular. Now, True Religion is a $667 million company with a sizable following on Wall Street.
It is a pretty amazing story, and even more amazing is the fact that all of this has happened over the course of eight years. On July 30, 2004, True Religion shares traded as low as 67 cents. Now, the stock is worth nearly $26 per share. Penny stocks may be risky, but in the case of True Religion, the risk taken would have turned into an incredible windfall. Shares are up almost 3,780% from their all-time lows.
