Dont base your opinion of the right time to buy this stock over all the BS on here (including mine). Its sad that not only has the company and its shareholders been abused its also has 40+ million shorts still trying to cove down here. A SQUEEZE is the the best and most likely scenario here.
buying ann taylor to offset ascenas weakness was big mistake by jaffes,But the dumbest move he made was when he leveraged everything to buy it.we will see next week.
Hoping ASNA gets a erection monday.
Mgt. doesn't get it. Good or Bad, if you don't report on time, wall street will crush you. Lame
BNP Paribas Arbitrage SA Increases Position in Ascena Retail Group, Inc. (ASNA)
BNP Paribas Arbitrage SA boosted its position in shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) by 45.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,
Ann update if good as rumored will ignite short squeeze imho.
this is how it is.ASNA is rapidly approaching the point where its gross profit is equal to its operating costs.even the 150 to 300 million expected savings in operational cost the next two years will not be enough.two years from now most of the debt is due.if revenue does not pick up ASNA is DOOMED!
Where did all this stock come from? Tens of 1000s of bid at 2.17 and same amount selling at 2.18. I haven't seen that kind of size in a while. Whoever dries up first will determine the direction for at least a nickel one way or the other.
Let me just say they were point blank about Ann when they bought. Said they needed two years to get it in fold and where it was helping. Well its fresh into 3rd year and im betting we see some positive. Its the biggie too. The debt and finger pointing has been on Ann, but if its good stuff now kaboom!!!!!!!!!!!!!!
Shorts need shares o badly this thing could go double digets quickly.
Folks more misery when they report. Insiders tell me Ann did very well in quarter ending July. E commerce is suffering . They havent done anything to improve turn still 9 to 10 days from click to delivery Other divisions all down....You know Jaffe does not retain and of the executives who started with him when he went on these acquisitions...No surprise this quarter
Bullish technical indication at stoxline. Long over 2.35 for a run up to 2.74.