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Abercrombie & Fitch Co. Message Board

hedgefundsarecrooks 95 posts  |  Last Activity: Aug 21, 2014 11:37 PM Member since: Dec 10, 2012
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  • AEO posted bad numbers. GAP was able to manipulate the number to meet the lowered projections. GAP BEAT BY A PENNY. Sound familiar???? ANF is at its highest valuation EVER. But what is ANF?? ANF is not GAP and Old Navy selling teens discount clothing without labels and branded signs on the shirts.....ANF is more like Aeropostle trying to be a relevant teen brand in a market that does not want brands, it wants discount prices and individual styling that DOES NOT involve branding and labels. We know that ANF will beat the estimates that have dropped from 32 cents this quarter to as low as TEN CENTS. And the stock will be run up buy the hedge funds that trade the same shares back and forth to make it look that there is a demand market for an irrelevant teen brand. How long this will continue is the question because I gaurentee you....the stores are empty. There is nothing left. I just received ANOTHER e mail offering 70% off and five dollar shipping. How they are able to claim 69% margins when everything is 70% off ....is a questions reserved only for me.

    Sentiment: Strong Sell

  • It has become obvious from all the press release hype and BUY recommendations that the numbers are going to reflect the appearance that this failing teen retailer is doing well. Assuming you are OK with the lowest estimates for quarterly numbers ever supporting new highs for the stock price. I am preparing a list of accounting issues to address to find the manipulation in the financials. Please add any that you feel I have missed. First, the margins are a lie. 69% margins when everything is on sale? No way. I think cost of good sold will be altered to reflect the inflated and incorrect high margins. Foreign sales. Will be over stated. First they claim that is where gains will be realized for top line and second it is an impossible number to prove wrong because it is literally "off shore". Remodeling expenses. They will attempt to capitalize anything in everything in order to keep expenses down. For a company doing store make overs, the expense items have come up short in the past quarters. They are not reporting the expenses correctly. These are my primary areas of concern and where I think the institutions instruct the accountants to adjust. Since the numbers come out next week....Look for a high occupancy rate in the Hamptons for ANF analyst and stock manipulators after the quarterly BEATS LOWERED ESTIMATES.

    Sentiment: Strong Sell

  • hedgefundsarecrooks hedgefundsarecrooks Aug 21, 2014 3:07 PM Flag

    In my opinion, they are borrowing money in order to meet cash flow and look like a normally operating retailer. They have run out of cash. You can not change over inventory while you are selling old unwanted inventory for 70% off. As sales decline they do not have the cash flow to pay off existing expenses as well as all the new expenses that have come up from the expansion in China and the modifications they are making to their store fronts and interiors. Rent alone is killing them as they realize China teens are not willing to pay the marked up retail that they had in the old flagship store concept. Times have change and Abercrombie has not. Despite the saving they have from spraying 25% less cologne in stores, their sales are down and are made up more and more of marked down items which HAS to have an impact on margins this quarter. I will admit I am prepared to search for fraud in the financials if margins remain the highest in the sector and if they are able to beat even the lowered estimates. This company has become a hedge fun sham in my opinion.

    Sentiment: Strong Sell

  • hedgefundsarecrooks by hedgefundsarecrooks Aug 21, 2014 1:44 PM Flag

    The only thing that has happened to ANF is that they have reduced the estimates to the lowest level ever just so they can beat and manipulate the stock price up. This stock is controlled by institutional and hedge fund traders that that want you to ignore the declining financial results and outrageous valuations to think that teens have magically gone back to the done brands. Abercrombie is no longer cool as the CEO said to larger teens a while back. Institutional manipulation is the only thing driving this troubled retailer.

    Sentiment: Strong Sell

  • So the pattern is in ANF is going to beat 10 cents, it will be pushed as a beat and will miss full year badly after loss quarter . This is a manipulation joke. ANF in the previous quarter did not fare too well. The company had only managed to make sales worth $822.43 million, down from the previous quarter by almost $500 million. The company also sustained $23.67 million net loss, or roughly -$0.32/share. Estimates have been brought WAY down and stock has moved WAY up.

    Just today I have found where the Consensus Estimate Trend on EPS estimates have again been lowered from $0.11/share to $0.10/share, which is not really a positive factor, but the stock has seen a 5.56% surprise for the last quarter’s EPS estimate, despite the fact that it is still in the negatives.

    Sentiment: Strong Sell

  • While you were at the Hamptons, they quietly reduced the quarter AGAIN to 11 cents. This is 27% below the miss a year ago when they posted only 14 cents and missed badly. The stock probably rallied on the miss anyway. So this should be the 12th declining quarter in a row for this VALUE STOCK. And this stock is on an amazing manipulative run for the month of August up $5.60 cents or 15% just in 14 trading days. I just find that amazing. The stores are amazing, the inventory is stale, the teens have left, with the exception of 5 silver spooned lassies in CNBC....and the stock it at its highest valuation ever. This is fantastic for all the insider sales going on as the hedge funds bid this up into a quarter that is the lowers ever but will be delivered as a BEAT THE ESTIMATES success story.

    Sentiment: Strong Sell

  • I do not know how accurate the sites are that I monitor are, but it appears that ANF just lowered the estimates to 11 cents this quarter instead of the 12 cents. What a surprise. Please remember that last quarter they said 18 cents for this quarter and then magically it was reduced to 12 cents. And a YEAR ago this quarter was estimated at between 32 and 38 cents. So now it is 68% off the estimates of one year ago, yet the hedge funds are manipulating the stock and saying malls are back, teens now like this damaged brand, and ANF is in a recovery as the CEO sells off as many shares as he can. The market is crooked and this stock one of the most manipulated stock I follow. Since July 31 the stock is up almost 12 % as they keep reducing the numbers JUST so they can beat them . For a stock currently trading at almost triple digit PE and being called a VALUE investment, 12 cents or 11 cents is a joke.

    Sentiment: Strong Sell

  • Propaganda on ANF is heavy. Paid pumpers are cashing in because there is no way that the most damaged brand and hated teen retailer and CEO can be on the road to recovery in a down retail economy. Everyone is happy with 10 declining quarters and the fact that ANF lost money last quarter and has reduced this quarter and the full year numbers significantly. ANF has bee brought down from 32 this quarter to TWELVE CENTS and the stock is up this year. Maybe they can manipulate the financials again this quarter. The accountants love the free weekends at the Hamptons and the ability to play Frisbee in the corporate headquarters courtyard in Ohio. But they can not maintained the inflated margins they claim they have while EVERY OTHER RETAILER is experiencing declining numbers and missed estimates. Granted that ANF has dropped the estimates significantly so they can try to beat them.....but the game can not continue forever as the PE approaches 100 in a sector where the average PE is in the teens. Check Buckle to compare.

    Sentiment: Strong Sell

  • I am shaking my head about how many analysts are being paid to call Abercrombie a buy with a PE around 90. As ever other retailer misses their numbers.....American Apparel, Macys, Kate Spade......Abercrombie simply lowers its estimates so that it can claim it has beat the numbers. And the analyst say ANF is back with new styles. WRONG. This quarter the estimates are down to 12 cents. How did 12 cents become a GOOD target number for a company that projected 3.72 for the year??? This stock is at a ridiculous high price for how bad the numbers have been brought down to. 12 cents for the quarter is a joke but it is the number the analyst have set so that they can beat. A year ago they posted 16 cents and missed the target of 28 cents. The stock dropped to 37.70. Now the estimates have been dropped to only 12 cents (after a 17 cent loss first quarter) and the analysts are saying buy Abercrombie with a target of 50 a share and one is as high as 60 ??? So sales and profits have dropped drastically but the company is worth more????? Analysts are calling ANF the darling of retail and it is the most damaged brand in the sector. This is the power and manipulation of hedge fund and institutional crooks. ANF is a joke in this market. 12 cents? Is a terrible miss for a company that is targeted at 50 to 60 a share.

    Sentiment: Strong Sell

  • hedgefundsarecrooks by hedgefundsarecrooks Aug 12, 2014 3:06 PM Flag

    Stiphel Nickleless.......A potsy in the analyst den.....Paid to pump.....Called ANF a buy saying their styling is back on track. I had to look because I do not know how they made that call based on empty stores .....Price target of ANF, 50 by the way. Seems this claim that the styling is back is based on a TEST GROUP......The TEST GROUP liked the new styles of Abercrombie. So there you go.....A PE of 90 is justified based on a test group. Better get in line now at the stores that remain open.

    Sentiment: Strong Sell

  • .......and 85 percent of the respondents said NO....85%. Granted, the numbers mean nothing because they were not put out by paid analysts, but it is amazing that this is being called a come back company as they continue to decline. It is beyond comeback....It is priced like it is the new NFLS, Chilpolte and TESLA all rolled up in a teen retailer. Amazing.

    Sentiment: Strong Sell

  • hedgefundsarecrooks hedgefundsarecrooks Aug 12, 2014 2:59 PM Flag

    Don't forget the performance of Kate Spade today. These BRANDED companies are way closer to fair value then Abercrombie and they are down....ANF keeps going beyond the 80 PE based on the recommendation of paid analysts.

  • hedgefundsarecrooks hedgefundsarecrooks Aug 8, 2014 4:57 AM Flag

    Thanks. The price of the stock is still too high. There is nothing here worth 25.00 a share. Wall Street is a sham when a company can preform this poorly and still hold its price because the only holders are hedge funds and institutions.

    Sentiment: Strong Sell

  • hedgefundsarecrooks by hedgefundsarecrooks Aug 7, 2014 7:21 AM Flag

    Everyone is positive. ANF is in recovery. It's new product mix is great. They have reconnected with the female customer. The new store fronts are marvelous. That is the junk they are paid to print. But not a single one looks at the numbers. CEO selling. Have to borrow money to maintain cash flows. Margins are in question and I say here that they are fraudulent. NO one addresses with 10 declining quarters of results and the largest loss last quarter. All they say is that a 17 cent loss is better then a 19 cent loss so lets run this stock up to a PE of 90 when the sector average is under 20. Everyone is paid to say ANF is back. ANF is headed for more trouble as this back to school season will cause more store closures. As the CEO cashes out he is just the first one.....What a stock scam ANF is.

    Sentiment: Strong Sell

  • hedgefundsarecrooks by hedgefundsarecrooks Aug 6, 2014 4:19 PM Flag

    That is the amount of money the bully CEO has put in his pocket JUST from stock sales in Feb., March, April, and MAY. Four sales of ANF stock for 7.6 million. This is in addition to his salary, his headquarters play pen, free plane rides, and other monies he stuffs in his rolled up jean pockets as he fleeces this company. Jeffie has been selling while all the analysts holding the bag call it a buy.

    Sentiment: Strong Sell

  • Jeffries cam out with a $60.00 price target on this dying company. SIXTY !?!?!?! 52 week high is 50.85 and everything has come down over the past two years and we have ten consecutive quarters of declining numbers. The damage to the brand is endless, from the CEO dumb comments to not properly following employment laws for paying employees. A year ago the quarter was 28 cents.....then they dropped it to 18 cents....and now it is down to TWELVE CENTS. This is after one of the biggest first quarter losses EVER and the paid pumpers oft this heavily owned and controlled stock are calling it a buy?? So that is a pretty good indication that the financials will be cooked more than ever. They will post declining numbers for the 11th quarter but somehow adjust the financials to beat the lowered estimates. But a $60 price target??? Here is the garbage they put out on ANF..... ""Better year-over-year comparisons and a solid new offering of products could really start to reignite consumer appeal.""
    There has not been better y/y numbers in two years and the comments that the new products are selling has not been proven and is fabricated. How hey continue to lie and push this dead brand is approaching criminal levels.

    Sentiment: Strong Sell

  • hedgefundsarecrooks by hedgefundsarecrooks Aug 6, 2014 8:14 AM Flag

    First $ 4.25 is laughable. Abercrombie will never see anything close to that number. Stores will continue to close. Foreign presence will crumble as the dream to sell at retail internationally in the stale FLAGSHIP STORE concept will prove to be another arrogant CEO dream. Out of control expenses will kill cash flow. Markdowns are running this company in the ground. The hedge funds will stage a fake LBO and this will just be another Wall Street sham on paper. Numbers are easy to check. Shares outstanding (FD) in 2009 we 87.7 million. Last quarter shares outstanding was 74.4 million. I have no idea where 26 million less shares in 5 years came from. Probably the same bag of tricks that the $4.25 number came from.

    Sentiment: Strong Sell

  • Here it is.....a clear sign from another crooked investment firm to buy the stock they are stuck with. Isn't it amazing how they time these bogus recommendations? Check this out; according to the crooks, there is no longer reason to be concerned with ANF. Really ?? I think the problems have just begun. Look at this comment from their paid press release::::: “Our price objective of $42 is based on a 17x P/E using our F2015 EPS estimate. This P/E is at a slight premium to the specialty retail group average." Whaaaaaaa !?!!?? SLIGHT PREMIUM ?? Are you serous ???? This stock is currently priced well above any recovery, well above any possibility of hitting a PE in the teens, and is closer to a triple digit PE. BOA went on to fantasize that product assortment has improved and the female customer has returned. That is pure poppycock. All of their claims have not at all been proven. They are closing more stores and their attempt at premium pricing in new international stores is failing miserable. ANF management, in all their arrogance, actually though that the flagship store concept that allowed them to sell at retail in the domestic market 10 years ago and obtain the highest sector margins......would work internationally. Not only have American teens left this brand, the world has changed in how it treats shirts with company names and logos. ANF just had one of its worst quarters ever and had to start borrowing money to meet cash flow. And BOA tells you they are out of the woods and everything is fine and they will return to a PE of 15......Check the financials and even with their accounting adjustments they create and the way they turn inventory write-offs into sales is going to take this company down, not up, to the BOA price target of $42.

    Sentiment: Strong Sell

  • hedgefundsarecrooks hedgefundsarecrooks Aug 1, 2014 10:56 AM Flag

    This is what board jammers do. They can not argue the facts and the very bad history of this stock so they attack posters that discuss the stock and the company. Notice NOTHING to refute all the bad news. Just a childish attack on the posters of the truth.

    Sentiment: Strong Sell

  • Well......The year started out at $ 3.11 and now it is down to $2.32 full year. They have to make up for the great last quarter where they only lost 17 cents. The reduced the second quarter from 32 down to 18 and now it is at 12 cents....and for a sector where the aver PE is 16......ANF is currently around 80. But it is worth it because this is officially a recovered company. Everything is great. Store closings are good news and the profit margin will continue to be the highest in the entire sector thanks to great accounting and financial adjustments that no one cares about. Great day for ANF.....wow.

    Sentiment: Strong Sell

ANF
43.80+0.30(+0.69%)Aug 22 4:03 PMEDT

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