Management raised their earnings outlook. Another good sign. I like that they prune lower performing stores out and replant them at nearly a 3 new for each one closed. Smart. Very smart.
Should hit 50 pre split. base a little for 3-5 days and continue to a pre split level of 54. Huge growth plans. new stores opening at an unbelievable pace. They have the model perfected. Watch them fly.
Agree and don't forget more then 6 Million shorts to cover with 19% inside holding and 86% institutional holding.Also managment almost said it on CC next2 quarters are in bag without any problem.I see ASNA hitting at least $46 tomarrow with $2.80 forward P/E of 16.
Even at $43 there is far more upside to this stock than down. This stock is still cheap and when you back out the $8/share in cash it starts to look like a downright bargain even at these levels.
OOPS- Did someone say split is coming? Not to say I told you so.... But it looks like I have to extend my holding for six to eight months and gain another fifty percent or more return. Pending a good market, it could be more. Am I trying to encourge buying? Sure and why not. It a Great investment!!