CNBC reported today AEO is probably not a good investment because it focuses primarily on teenagers, has too many stores and a weak financial picture. Why is this stock going up?
PE35? PE needs to be 12. That means AEO pps is over priced by 2/3rds or it should be $3 NOT $10. If you want in on this slide at least wait for the bottom at $3. imho.
it is going up because it has reached bottom, it is CHEAP !!
That is when you buy a stock!
Sentiment: Strong Buy
stock is overpriced. Following the ARO story. It is worth 1.2B right now. They are not growing...they are declining. Not worth a premium.