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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Kaliico who wrote (11613)	9/6/1999 12:37:00 AM
From: DlphcOracl	Read Replies (2) \| Respond to of 57584

Kaliico: Etoys seems like another intuitive idea that should be a winner. Here's a variant on that theme for more conservative investors: Retail sector has been out of favor. A stock which plays into the back-to-school buying frenzy as well as the e-commerce holiday season is Abercrombie & Fitch (ANF). It reported blow-out earnings last quarter yet is trading at 30% below its 52-week high. It has a projected long-term growth rate of 30% yet it has a current P/E of 26.5 and a year 2000 projected P/E of 20. It is accelerating its rollout of its children's stores and e-commerce and has a new national TV advertising campaign. Last time I was in the store, the merchandise was flying off the shelves with a young, hip crowd throughout the store. This will not be as dynamic as Etoys over the next 3-4 months but it will make money for anyone willing to hold for the next 6-8 months with little downside risk.