There's nothing in my post that's inaccurate. They made a profit. And they're projecting significantly increased margins even when those credits go to zero. You may now resume bashing ANF stock as it continues to go up while you bash.
[Mitt Romney and Republicans repeatedly criticized when commenting on government being bad at picking "winners."]
They are merely stating the obvious. I read not too long ago a calculation that showed the Chevy Volt was subsidized to the tune of ~$80k, or +$200k if you add in the subsidies and tax-breaks to the suppliers as well.
The government is excellent at picking winners who know how to feed at the public trough. Can you say corn-based ethanol?
The point is not that corporate welfare is a good idea. The point is that Romney and Republicans were/are selective as to when they tell the public it's a good idea, i.e. they say the government should not pick winners or losers. Meanwhile they have no apparent issue when the government subsidizes oil companies, bails out the banks MSCH mentioned, and state and local governments everywhere give all kinds of corporate welfare to operate in their areas. They are choosing winners and losers just as much as any other party.