VF Corp (VFC) bounced 15% yesterday on an Old Wall upgrade, but solving its debt problems is another story.

The apparel company's portfolio includes big names like The North Face, Supreme, Vans and Timberland. Today on The Call @ Hedgeye, Brian McGough warned investors the company is plagued with significant balance sheet issues.

"I could call out brands they could sell, but they won't get a good price for them," Hedgeye's Retail analyst explained to Keith McCullough. "The only ones that will satisfy their debt burden are going to be if they sell their crown jewels. This company is a melting ice cube."

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‘This Company Is a Melting Ice Cube’: Beware of Big Debt Burden at VF Corp $VFC - Call Banner