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Abercrombie & Fitch Co. Message Board

hedgefundsarecrooks 111 posts  |  Last Activity: May 20, 2016 2:25 PM Member since: Dec 10, 2012
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  • Both beat on the top line recently and beat on sales and posted a profit. Abercrombie sales have been in decline for three years and despite the hedge funds assuring that lowered estimates are met, Sales for Abercrombie have declined by a BILLION dollars in three year and are projected to continue to decline. URBN and AEO posted profit for the first quarter ANF is projected to post a LOSS of 52 cents. So what a great target to run the stock up on.....Posting PRO FORMA ACCOUNTING GAMES that are less then the projected LOSS of 52 cents. AEO pays a dividend and URBN does not. I think ANF dividend is in trouble. AEO and URBN.....two PROFITABLE COMPANIES have PE's in the low TEENS. ANF......with its declining profit and turn around story because of one very small single comp being positive for one quarter.....HAS A PE OF FIFTY !!!!! This stock at 24.00 is a joke and an embarrassment if you are long. ANF is closing domestic stores and opening foreign stores despite the woes of the dollar and despite a very gloomy outlook for foreign economies and hated brand in foreign countries. Bankruptcy is the next PRO FORMA solution for ANF. Bye Bye COO.

    Sentiment: Strong Sell

  • I think the misleading financials is why the COO ran for the door. The second part of my theory. Look at the list of institutional and hedge fund owners and add up the shares they own or the percentage of the float they control. They own most of the float and together, in collusion and with the help of the millions of dollars they have inflated on this stock, control the trade and thus the bid and ask. There is documented explanation on how these crooked hedge funds take out and control bid and ask movement of stock. Did you ever watch the ticker on this stock in the last few minutes or wonder why the stock SOARS after the release financial reports that showcase accounting adjustments instead of operating profit? Read the article on ANF's Pro Forma games and then put the pieces together and you can figure out how a terrible brand and poorly ran company has one of the highes PE in the market and is over 400% overvalued based on fundamentals and its history of declining sales and manufactured profit. This should be an $8.00 stock.

    Sentiment: Strong Sell

  • Reply to

    Let's be real

    by rbrentbyrne May 19, 2016 1:23 PM
    hedgefundsarecrooks hedgefundsarecrooks May 20, 2016 11:29 AM Flag

    Why are you wasting a post on these pumpers? One year ago the stock was at 20.11. After another year of declining sales, failing operating income, a series of accounting adjustments to create profit ( the most notable being the income tax adjustment of 40 some cents a share), cash flow issues, and continued declining comps FOR THE ENTIRE YEAR in ever measurement both geographically and by brand, and the stock is trading higher at 24.00 and at an outrageous PE. The Abercrombie brand moved up the most hated list to number one, stores are empty and the resurgence of ANF is based on a positive ONE PERCENT comp for Hollister in one single quarter!!! They have nothing but immature slams and one line pumps to support this dyeing stock.

    Sentiment: Strong Sell

  • FINALLY.....Confirmation from the Wall Street Journal of what I have been saying for over two years since I began reviewing their very odd financial statements of ANF. That they do not present fairly the operations of the company. And it was confirmed that they make significant adjustments to inventory, they exclude expenses in order to beef up the numbers, and they do not correctly present the financial operations of the company. Oh yeah, and they shifted to stock compensation to rip off the market and save the cash flow. They did not look for one single quarter where one single comp was positive ONE PERCENT to CLAIM THE COMPANY H IS THE ONLY RETAILER TO TURN AROUND. NO, instead , they pointed out that sales have been in decline for three years and that they play proforma games with their financials. Abercrombie claim it helps investors, but all this questionable accounting does is help the hedge funds to manipulate the price of the stock based on cooked up numbers that are misleading..... but OK by the hedge funds because they are PRO FORMA. Which is another way of saying NON-GAAP which is another way of saying MANIPULATED.

    Sentiment: Strong Sell

  • I appeal to true investors not to respond to the board posters that have no fundamental support, no financial justification, and no proof that ANF will survive or will support this 400% valuation it currently trades at with the 24.00 overvalued price. Its only strength is its institutional control of the trade. When I look at the retail sector I put Nordstroms with Abercrombie because of Abercrombie's premium pricing and arrogant "rich" attitude. I look at URBN and AEO only as good retailers that will do good because of the total migration away from Abercrombie and into American Eagle and Urban Outfitter. Please note that both of the companies are GROWING sales and posting a first quarter profit, have a PE in the low teens and AEO pays a dividend. I had a small position in AEO but not URBN even though I see URBN's Free People brand as popular among teen customers. I no longer look at GAP as a true competitor for Abercrombie but more to Hollister, because of price points. The fast fashion retailers have hurt gap and to some extent ANF stores but ANF has a more higher price target that currently has no customers in this current retail environment. I am concerned. With increasing sales and POSTING A PROFIT, URBN and AEO trade with a PE in the low teens. ANF has declining sales and a targeted loss of 52 cents for the first quarter and it has a PE now down around 50. That is crazy valuation for a company with no clue, closing stores cash flow issues and a CEO running for the hills and a 52 cent loss targer. And it was up today. Manipulation is the only explanation. But as least I provide an explanation for my position unlike the board jammers coming out to cover the board going into earnings a week from today. I'm sorry....going INTO A LOSS for the quarter.

    Sentiment: Strong Sell

  • This is actually funny.....but not surprising for a company abusing PRO FORMA accounting games and controlled by hedge funds and crooked institutions. The results of Macy's and Nordstorms and especially L Brands is ignored for ANF. But when Urban Outfitters and American Eagle post a profit for the quarter, ANF skyrocket up on the news? And notice that both companies posted a PROFIT for the first quarter. ANF just increased its loss projection on lowered sales numbers for the first quarter for a LOSS OF 52 cents. This is in line of adjusting the numbers so they can beat them. The loss was projected at 50 cents and now it is 52 cents. And the stock goes up because competitive brands that are taking away offended Abercrombie customers frustrated with Abercrombie's high prices and copy cat styles. URBN and AEO are doing better because no one shops at Abercrombie any more. First quarter sales will be terrible at ANF.

    Sentiment: Strong Sell

  • If ANF is moving in tandum with URBN then it needs to be noted that URBAN or Urban Outfitters posted a profit on rising sales. ANF keeps adjusting the numbers down for the first quart and reduced sales projections again and reduced THE LOSS FOR THE QUARTER AGAIN down to a LOSS OF 52 cents. So the goal of the hedge funds is to beat a lowered loss of 52 cents so they can say that ANF BEAT ESTIMATES. Urban posted a profit. ANF is going to post a loss. Gheese people, what are you buying here ? Sales continue to decline and losses continue to mount and PRO FORMA misleading numbers does not justify the valuation at all.

    Sentiment: Strong Sell

  • Foreign currency adjustments. That is a number I am sure they manipulate to and think it is OK because they call PRO FORMA presentation which is just another term for WHAT THE HEDGE FUNDS TELL US TO REPORT. If you follow ANF's financials and have read how they manipulate PRO FORMA presentation of their financial statements, you will see that their foreign currency adjustments are not in pattern with foreign sales or dollar movement, but fill a need to beat lowered profit estimates. If you look at the last quarter where sales continue to decrease but they claim foreign sales are doing well, the foreign currency adjustment was just a fraction of what is was in past quarters. If anyone follows the dollar strength you can see that their abuse of PRO FORMA presentaion involves the timing of currency adjustments to present a better then reality presentation of the company while sales decline and the brand becomes the most hated brand in retail even beating out Wal Mart. Let's see if this is the quarter that ANF gets caught in their game.

    Sentiment: Strong Sell

  • hedgefundsarecrooks by hedgefundsarecrooks May 18, 2016 10:23 PM Flag

    While some have been gone working on a GED, ANF stock has been in a tail spin as it's outrageous valuation in a troubled sector is recognized as the most overvalued stock in all of retail. ANF is in a tail spin that will leave it in single digits. In addition, while grounded in mom's basement for visiting blocked internet sites, the Wall Street Jorn exposed ANF's misuse of PRO FORMA accounting which I exposed a long time ago as non-GAAP accounting games. The WSJ pointed out that PRO FORMA misleading presentation have misrepresented the true performance of this company. And now you know the real reason the COO is leaving under very short notice. He did not want to be responsible for the exposure of their accounting games which could be fraudulent. Welcome back, not get back under your rock.

    Sentiment: Strong Sell

  • Now that it has been exposed that ANF presents financial results in order to enhance the numbers for the hedge fund owners of this company, lets address why the very young (50 years old) is leaving the very old (average age 72) board in charge of this hated teen retailer. So the PRO FORMA answer is probably, "I want to spend more time with my family". PRO FORMA ANSWER FOR ANF. But it is my opinion he wants to cash out all his stock compensation and leave the company before the questionable PRO FORMA financials that ANF releases are examined for their potential accounting fraud implications. Continious revaluation of inventory is a hard one to argue. But the practice of not putting on all the legal expenses on the income statement really bothers me especially sine they had no problem adding the reversal of an income tax liabiality directly into the per share income of the company so they could beat lowered estimates. Money paid for legal defense is not an expense, but the reduction of a tax liability because they are losing money, is a direct addition to per share income !?!?!. About this their non-GAAP accounting or PRO FORMA accounting was brought to question. Thank you W S L .

    Sentiment: Strong Sell

  • Profit just over one million for a company that CLAIMS to be the top seller of engagement rings. Nothing but lies. Costco is the top internet diamond seller and Amazon will take over soon. Sales are declining faster then the REAL quality of the stones they sell without even seeing them because they use third party sellers. But the key is with one million in profit, they shell out 5 million in stock compensation for insiders. Then they brag they have a stock buyback program. Sure, because they buy back stock compensation so that insiders can pay capital game tax instead of tax on earning like the rest of us. This company is a shell for the hedge funds that control the stock trade. Unless you are an insider getting free shares. Stay away from this sham company.

    Sentiment: Strong Sell

  • And the stock goes up? This company claims it made a very meek one million dollars in profit. About 9 cents a share. Operating prifit was down a whopping 35%. That too is a decline of 9% from the 10 cents last year. But look at what the boy from Moosejaw pulled down JUST in stock compensation. Total stock compensation was up AGAIN 17% to over 5 million. Not counting all the tax breaks they get. And they tell you this is part of a stock buyback program? It is a scam to put cash in the hands of insiders and make it look like a stock buyback but they are only buying back the stock they give to insiders. And the stock goes up? What a scam. ONE MILLION IN PROFIT for the quarter and over FIVE MILLION IN STOCK COMPENSATION. Thanks NILE.

    Sentiment: Strong Sell

  • The second part of my theory. Look at the list of institutional and hedge fund owners and add up the shares they own or the percentage of the float they control. They own most of the float and together, in collusion and with the help of the millions of dollars they have inflated on this stock, control the trade and thus the bid and ask. There is documented explanation on how these crooked hedge funds take out and control bid and ask movement of stock. Did you ever watch the ticker on this stock in the last few minutes or wonder why the stock SOARS after the release financial reports that showcase accounting adjustments instead of operating profit? Read the article on ANF's Pro Forma games and then put the pieces together and you can figure out how a terrible brand and poorly ran company has one of the highes PE in the market and is over 400% overvalued based on fundamentals and its history of declining sales and manufactured profit. This should be an $8.00 stock.

    Sentiment: Strong Sell

  • hedgefundsarecrooks hedgefundsarecrooks May 17, 2016 8:05 AM Flag

    Stop jamming the board with non-though out questions and READ THE WALL STREET ARTICLE.

    Sentiment: Strong Sell

  • FINALLY.....Confirmation from the Wall Street Journal of what I have been saying for over two years since I began reviewing their very odd financial statements of ANF. That they do not present fairly the operations of the company. And it was confirmed that they make significant adjustments to inventory, they exclude expenses in order to beef up the numbers, and they do not correctly present the financial operations of the company. They did not look for one single quarter where one single comp was positive ONE PERCENT to CLAIM THE COMPANY H IS THE ONLY RETAILER TO TURN AROUND. NO, instead , they pointed out that sales have been in decline for three years and that they play proforma games with their financials. Abercrombie claim it helps investors, but all this questionable accounting does is help the hedge funds to manipulate the price of the stock based on cooked up numbers that are misleading..... but OK by the hedge funds because they are PRO FORMA. Which is another way of saying NON-GAAP which is another way of saying MANIPULATED.

    Sentiment: Strong Sell

  • Here is the true math of this dying retailer. When you close 1/3 of your stores.....COMP STORE SALES SHOULD GO UP because there are 200 lest stores for customers to shop at. But when less stores and declining sale are so bad......comps go down because there are no customers and sales are declining. Closing 200 stores SHOULD HAVE increased comp sales. It failed. Except for a positive 1% for one quarter. The first positive in three years and paid analysts immediately say that ABERCROMBIE has turned around. The smaller brand, Hollister has a positive one percent in one quarter and the company has turned around? And then the COO bails. Leaving next month. Does not want to be around for the bankruptcy, does not want to go to jail for accounting fraud? You tell me......

    Sentiment: Strong Sell

  • Three years of declining sales, stock at 4 time fair value. Highest PE in sector, and stock is up on lame press release saying they will expand into a shrinking market. This company will soon be a laughing stock. FAILURE AFTER FAILURE AFTER FAILURE.

    Sentiment: Strong Sell

  • Every retailer is missing lowered estimates L Brands and Victoria Secrets terrible miss is just the start. ANF keeps lowering numbers and is now 30% of two years ago yet stock is higher then the price at that time. That is overvalued especially looking at three years of declining sales and profits created out of accounting adjustments. Retailers are laying off, JC Penny set the stage with huge layoffs. Wages are decreasing and gas is going up. ANF raises prices to try to be a premium brand form 20 somethings who are shoppping at H& M, Forever 21 and Zara and has no appeal with its Homeless Brand. And they are running the stock up today becasue with all this bad news, ANF trades at a pe of 80. That is outrageous for a retailer with a dying brand.

    Sentiment: Strong Sell

  • It was 2014 and guess what retail brand was on the top of the most hated list? It was Aéropostale. Not far behind was Gap and Abercrombie followed by Hollister close behind. Now it is 2016 and look is at the top of the list of most hated brands....It is Abercrombie. It took Aéropostale two years to finally have to file bankruptcy but I think it will be quicker for Abercrombie because its cash flow problems are in much more trouble than Aéropostale was. Investors have been mislead by the financials which are controlled by the hedge funds and institutions which manipulate the financials under the cover of NON GAAP ACCOUNTING ADJUSTMENTS. Abercrombie, most hated brand, most overvalued stock, highes PE of all of retail. Dead brand.

    Sentiment: Strong Sell

  • Jonathan is a baby compared the the American House residence of the Abercrombie board. He is only 50 while several member of the board are well into their 70's. 70 year olds running a teen retailer. They probably do not even know that Abercrombie is the most hated retail brand. And they don't really care if they have to go to jail. The food is the same or better then the senior citizen house. But Ramsden is young only 50. He does not want to go to gail for the accounting games that have been covering ANF's financial troubles. There is my second theory of why this guy is jumping off the sinking ship. He know that the ponzie scheme set up by hedge funds and institutions manipulating the trade of this stock is about to come to an end. Just saying.........

    Sentiment: Strong Sell

ANF
20.19-0.960(-4.54%)May 27 4:00 PMEDT