Hey Hottie, yes, I do like ANF. It is becoming attractive down here. It's P/E ratio was really high, but now that the stock has fallen 50% that multiple is looking a lot better.
Another retailer I also like JNY down at $9.00 or lower. At $13.00 I was very bearish on it, but they've written down some losses and the stock has fallen $4.00 because of it. I also liked TRLG when the stock crashed from $38.00 to $25.00, however, now it is back up to $29.00. If it falls back toward $25, or even 26 or below 27, it's a gift.
Back to ANF, I do like it down here. I also like GES at these lower prices. These lower prices have made GES's dividend a lot higher. However, GES and ANF are both dependent on the Euroean economy. Much of GES's and ANF's business is done in Euros, so the play is dependent on you beleieving Europe will get it's big ship turned around without too many more issues.
Sold ANF yesterday and sold AEO just now at $23.75. I don't like the special dividend action since it wipes out alot of the value in the stock and benefits the CEO and other big shareholders more than small investors. I'll be interested at lower prices. Bought 2,200 shares of TRLG today below $22.25. THANK YOU for that stock! I think it's a winner and a bargin as you say. Strip out the cash and the company is selling well below yearly sales. AEO and ANF can't boast that. I think they will build that cash pile and push the value higher.And there's a lot of high profile celebrities wearing True Religion. I wouldn't be surprised to see somebody buy them out will they are cheap. Maybe that's why ANF hired Goldman!