Today's ANF retail presentation and the you can't make this stuff up file
"So after going through a period of significant negative comp store sales in the U.S. between 2008 and 2009, we've now achieved our third successive year of healthy year-over-year growth in sales and adjusted EPS."
So "adjusted EPS are healthy? Then why did Enron go belly up?
It is a hedge fund propaganda scam. ANF creats profits last quarter by NOT adjusting inventory down as they normally do becasue they have too much junk on the shelves. Income was created or adjusted for the hedge fund owners. And everyone looks the other way that profit was created by accounting games. The stock us up today on hedge fund manipulation and hiding the fact that ANF has excess inventory, store closings, lack of intrest in Europe and they just doday confirmed that management is CLUELESS.