Nomura calling ANF a buy??? That is halarious !!!!!
When these unaccountable analyst put a buy recommendation on a stock like ANF that missed terribly last quarter and then guided down for the next quarter.....you have to assume they got holding the bag and are on the take from hedge funds urging them to try to get someone to buy this overpriced stock. I do not know how ANF can possible be a buy. It is only going to get worse from here. ANF missed BIG TIME. And nothing looks good. The only set up I see is that they will continue to lower projections down so that they can post the headlines ANF beats estimates. In that case look for them to really drop estimates.....Because no one is shopping in their dark smelly stores. I do not get these buy recommendations? How can you think ANF is going to preform well when everything retail with ANF looks terrible. ANF is out of favor and missed the boat with fashion and inventory last quarter and it is only going to get worse. Did you listen to the earnings meetings? The clueless presenter said they are looking forward to selling sweaters.....What a group of bricks that run that meeting. And where was the CEO......on his boy toy jet? This company is a joke and has definitely seen its better days. SELL ANF is my recommendation.