Arghh. Suffering here today with thread fav., ANF. ANF was supposed to be a growth stock at a low p/e.
forbes.com
I trimmed my position today. I don't like selling into selloffs, but for now ANF isn't meeting the sales growth expectations I had when I purchased the stock.
ANF's been successful in past and imo has a unique franchise with clever management. ANF's subject to whims of teenage fashion, so I guess there're times when ANF's in style and times when they might not be. I expect the company and stock to do okay over time. In case I'm wrong though, I'll be more comfortable holding a smaller (by 30%) position.
I spotted TSIC, another clothing brand company, on the new lows list. I'll use funds to start a small position in it. High price/book value coupled with many well-known brands attracts me. D/e is 1.16, I'd prefer less; current ratio seems a comfortable 5:1. If (IF) company can reverse its seemingly downhill spiral into oblivion, it's possible this stock could be a very decent revision-to-mean play.
fwiw, I'm still holding positions in other retailers mentioned here, e.g. BL, PERY, SCNYB, ZQK, SKX, GADZ (ouch). Today is not a good day to be a holder of stocks in this sector:
finance.yahoo.com |
