On August 22nd this was a 9.00 stock. Overvalued price for a company in decline on almost every measurement. Sales, no profit in two years, closing stores and same store sales still declining. 17 trading days later the stock has been manipulated up to 14.24. This is a 58% increase in a dying company. And how do the hedge funds cover the manipulation of the trade of ANF stock? They say this 58% increase in the stock price is because the posted a 17 cent loss this quarter. Yes....They will not make money this year again, but the stock gets run up 58% because th 17 cent quarterly loss was less then the estimated. What a great investment ANF is because its continuing losses beat a low target loss. ITS ANOTHER LOSS !!!
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Abercrombie & Fitch, Abercrombie Kids, and Hollister are listed on a newly launched and unique shopping website, http://Brandegory.com. As Abercrombie & Fitch, Abercrombie Kids, and Hollister have online battles regarding the sale of fake goods and the practices of many online resellers, Brandegory.com may actually develop into a supportive financially significant direction. The site solely focuses on connecting consumers with brand owner websites. Individually the websites of brand owners are constrained – shoppers are attracted by collectives, as illustrated by people shopping at a mall. By providing a collective online presence for brand owner websites, the Brandegory.com concept could help Abercrombie & Fitch's, Abercrombie Kids', and Hollister's websites (and those of other brands owners) become a more significant online shopping destination. While not significant now, the Brandegory.com concept, “Shop Brands at Brandegory.com”, is intriguing and potentially significant in the important online sales segment.
Abercrombie & Fitch today announced the appointment of Scott D. Lipesky as senior vice president and chief financial officer. Lipesky brings more than 20 years' experience from the retail and manufacturing sectors in financial planning & analysis. Lipesky was working for a lin furniture stores selling junk furniture at high prices. I think ANF brought him back because just like the overpriced furniture the company sells, ANF books are heavily padded and Lipesky can help them make the bools look better then they really are. Just like cheap furniture. Lipskey spent nine years with Abercrombie & Fitch, and is well familiar with their "proforma" accounting games.
AI Fund Invest in Abercrombie Calling Explosive UAE Growth - stock market LIVE TV
Learn about the Artificially Intelligent Investor investing in Abercrombie (ANF) at $8.87 after profiting from a meltdown on shares announced in the Live Blog. Abercrombie is an investment plan worth $20 million dollars.
Anyone know the PE for this overvalued stock?? OH THAT's RIGHT. ANF has not posted a profit since 2015 !!!!!
ANF doing well with 2% increase in YoY sales. ZUMZ is cheap and has been posting consistent positive increases in YoY sales. (+8.9%, +8.4%, +4.7%, +10.3%, 4.3%, 8.7%, 14.3%, and increases every month out to Aug 2016). But, it's stock is down 41% since Dec 2016. If the same rule applies, ZUMZ is cheap.
I sold the majority of my position today. Bought a few hundred at $9.75 so I did make a profit, but I have to admit that much of this rally is based on hope and not fundamentals. From a technical perspective, it is likely the rally would reverse at $12.60-$12.80, so I rather watch from the sidelines to see what happens next. Good Luck!
CHS looks like a much better deal now...
Abercrombie posts another loss on declining sales. Stock surges 20% setteling at a 15 percent gain on the day. Management projects more losses. Yeah, this is the stock you want for the long term.
With the 30% drop back in July for no real reason... There is a good possibility this goes up 35% on a larger than expected beat... just my opinion. Either way holding through December for high teens..
Abercrombie & Fitch planning to enter Indian market
NEW DELHI: US-based youth brand Abercrombie & Fitch is planning to bring its flagship label as well as Hollister to India, joining a host of global top brands that are coming to tap the growing market for global fashion in India with the idea of beating the sluggish growth in their home markets.
Hate me if you want but Mark makes some sense. I just went short 1000 shares at $11.25. I will cover at 10.60 for some lunch money in a week or so.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.6 In other words, the correlation coefficient of the other stocks
Declining sales continue, increased loss over previous years, negative overall comps, (so lets just look at Hollister) ignore decreasing margins. The company CONTINUES to lose money and in fact the loss is increasing......But because hedge funds pay the analysts to put a very high loss estimate of 33 cents, they are saying the operating loss is a great thing? They increase shares outstanding to reduce the loss figure, the loss is BIGGER then a year ago quarter, cash is running out and the stock is driven up 15% by the crooks of wall street. This company is in trouble. They are closing hundreds of empty stores but the headlines only read ANF TO OPEN 7 STORES in 2017. What a joke. The company continues to lose money and only beats because they constantly have to reduce the projections in order to pump this dead stock.
do you think is a good idea to hold until dividend date (next Friday)?
both AEO and express have beat today and stocks go up big. Hopeful for ANF TOO. Bullish
Should make another bottom at 8. Then, very strong buy. Easy double. Long anf, short FB.