In 2012 this stock went as low as 990M in valuation despite printing 110M in net income and having more than 200M on the books(if buyback was not used). So now we are at 2.77B for 145M in net income and 245M in cash on the books.
Abercrombie and Fitch and American Eagle both earn less than 100M in income and both face declining sales and increased costs....both stocks trading over 2B. How? WHY? How does it add up?
The point being of my post is that 1) collusion exists on wall street no doubt 2) this stock was massively shorted(45%) of float 3) who buys 10% of company in the 30's between 1-1.3B valuation? None other than