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Abercrombie & Fitch may have better sales, especially Hollister. Stores sparkle after a difficult period. Strong merchandise thrust. Board decision not to continue discussions about being acquired is well founded.
Two business headlines caught my fancy recently, and while only one had anything to do with Apple Inc. (NASDAQ:AAPL), they have made me consider the quandary the iPhone maker faces regarding its foreign cash holdings. It’s an issue that has been pushed to the backburner between iPhone 8 rumors and the company’s upcoming earnings report, but it still has important implications for AAPL stock. Moody’s recently studied the cash hoards of nonfinancial U.S. companies and found these companies held $1.84 trillion (as of Dec. 31, 2016) in cash, with about 70% outside the U.S. — 11% higher than a year earlier.
Move over, American Eagle Outfitters (NYSE: AEO ). There’s a new contender in clothing retail, and it’s gonna be big. Supersized, even. McDonald’s Corporation (NYSE: MCD ) will launch its limited-edition ...