Grommit, about ANF. I sold my remaining shares around 2/8/05 at about $55. It's difficult for me to come to terms with ANF now as a possible bargain given that I previously concluded it was too risky for me to hold at $55. The stock increased and has now fallen back again to $55.
ANF may well may be a bargain though. Especially, imo based on profit margins and roe and what you have to pay ($55) to get those numbers. However, ANF is a clothing retailer and a change in fashion might easily mean that a wrong guess by ANF's buying staff about youth fashions will decimate sales, profits, margins. OTOH,in ANF's worst year in the past decade, it managed 9.5% profit margins. (a good sign)
I'm considering taking on a few shares tomorrow (Wed.), conflicted though I am with my opinion of exiting at my guess of full-value ($55)and now, about a year later, seeing the stock at $55 and calling it possibly undervalued. Perhaps at best it's a very speculative buy here, so only a few shares for me. I'll do more checking to see how Hollister stores are doing (a key aspect of my reason to buy ANF previously).
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I am holding shares in the following clothing companies:
finance.yahoo.com
(Cut back sharply on JNY after they announced they might be putting themselves up for sale. Okay, Estee Lauder isn't clothing, but I include it because it's something women put on their bodies before they go out of their houses.
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