He's right. With Chinese steel imports being curtailed, he's even more right.
Who cares where ANF traded in the past? I invest looking out the windshield, not the rear-view mirror. You sound like a investing novice with your rhetoric.
School? In your dreams. Check the last 3 earnings reports to learn why I believe ANF is a buy. They're all better than street estimates at the time, which hints at the new mgmt.'s effectiveness in leading the company. Lastly, I use forward earnings and a dividend yield model which suggests undervaluation -- especially after ANF recent drop in price due to sector bets by fast money, and day traders.
Placing ANF in the company of JWN proves that this person has no clue what he's talking about. ANF will soar next week in tandem with AEO. Bank on it imo.
I like both AEO and ANF. You're analyses of ANF is wrong. First, you need to look at forward not backward earnings to calculate P/E. Secondly, ANF has a large cash position offsetting the low debt load they maintain. I like ANF a tad better because Hollister is the monster in the room when it comes to teens.
I've been hearing the same sort of nonsense about ANF on this board for over a year now, and each quarter that goes by, their share price soars. This quarter will be no different.
Everyone knows that Hollister is the King in the teen retail space, except for you of course -- and Goldman Sachs, who can't seem to help but repeat over and over their ridiculous $14 pt on ANF.
The only reason ANF is down from $30 are the woeful results out of GPS, and the smack-down from equally woeful department store sales. Then came AEO yesterday afternoon with a wake up call. My question for the entrenched shorts on this board is, "You do know that ANF beats AEO, right?"
Your knowledge of days gone by wows me. Nonetheless, I am heartened to read that you agree that ANF is a strong buy at these levels.
Get a life dude. Even your alter ego, hedgefundsarecrooks, is smart enough to know what AEO's earnings mean for ANF.