You write: <<Somebody knows something that
we don't. >>
It's obvious from the tone
of all of your posts that many people know many
things that you don't. (Just kidding-I couldn't
Seriously, I have a hard time seeing a company with this
kind of balance sheet and income statement in the
single digits. I will admit however that a year ago I
coundn't see it in the teens either. (We are still in the
teens, aren't we?)
On paper, this is a great
stock, and a terrific buy. But they don't trade stocks
on paper. They trade them inside this computer on my
desk. Inside there, ANF has not been doing so well.
They are still on the aggresive store expansion.
ANF is relatively small than other brands and have
But in face of the severe
competetions at this period of time (can I say that ?) ANF's
fat margin (21%+) is threaten, therefore its SSS
number may not have so much room to grow like before.
However, compared to other brands and stores (GAP, AE, RL,
and TOMMY), ANF still is a very good postion to
It is not selling time, it is buying time, at least
for the longer term (such as 1-3 years) investors.
that's the reason this stock is
just where do you go from here?
If you have
just about sold every kid....just how much more can
Are the kids who bought going to
increase their spending by 30% or more?
have an old saying:
"when you reach the top of
the mountain, there is only one direction to go."
information. those in the know wouldn't dare risk
anything slipping out again. The SEC would more than frown
on ANF if a repeat of the october fiasco occured
with an investigation pending. the drop in price is
due to perception... it indicates that less of us
longs are willing to take the gamble and hold through
Q1 earnings date. I can't buy any more ANF until
arpil 21st (30 day tax loss wait), but I plan on buying
more when it bottoms out (>10? maybe) prior to the
may earnings release date.
lots of luck to all.