Forever 21 and other less expensive retail stores are eating expensive ANF types lunch.
Got my short target for a 15% gain :-). Easy money is right.
Quick/easy money for you.
Why does anyone want to short now when it at its lowest point? Especially ARO has close to $200mil in cash and no debts?
What makes you so sure it's at it's lowest point?
Novice/naive investors put too much value on what appears to be a healthy balance sheet almost completely ignoring a weak/desperate business.
Just go look at what PSUN has been through over the past few years. They too had no debt and lots of cash previously.
They had 150 Mil in cash last quarter, lost another 30 mil this quarter and will lose another 30 next quarter. Unlike ANF and AEO, ARO is losing money and the others are still making money. Guidance will be everything