PVH fiscal fourth-quarter net income climbed 13% on strong sales in its Calvin Klein licensing business amid a slowdown in consumer spending. Shares fell in after-hours trading as the company cut its fiscal-year guidance and labeled its view "cautious." Apparel maker Phillips-Van Heusen Corp. on Monday predicted first-quarter and full-year profit below Wall Street estimates. http://news.moneycentral.msn.com/ticker/article.aspx?Feed=BW&Date=20080324&ID=8377499&Symbol=PVH http://online.wsj.com/article/SB120639271978860487.html?mod=googlenews_wsj http://www.forbes.com/feeds/ap/2008/03/24/ap4808543.html Anyway the stock is not expensive