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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (10437)	4/26/2000 5:30:00 PM
From: cpabobp	Read Replies (1) \| Respond to of 78955

I am still not convinced it's the right time to enter ANF. A friend of mine in the same industry as ANF has said that Charles & Michelle Martin were a big part of ANF's success. It is my understanding that they are no longer employed at ANF (although I can't provide any proof other than word of mouth and memory of a local news article). This may already be reflected in the stock price, but it may not if earnings decrease. Other conflicting info from the same person has said that ANF is really run by it's buyers, and if the buyers remain at ANF, they should perform the same. To their advantage, ANF is small enough to respond to changes in trend (as compared to the Gap), if they retain the people they need. Personally, I would rather miss a little bit of the boat upward, and jump on after the May 9th earnings report. I'd like to buy ANF because of the low valuation, I'm just not convinced that it will be that low of a valuation if their earnings for 2000 are revised downward (to say less than $1.00/shr). I am not a current holder or buyer of ANF,(but my mind changes every minute or so). Other transactions today: Sold CCG at 31 3/4 Bought ECIL at 26 7/16 and 26 1/2 I think I missed the boat on HLR. I hadn't mentioned hear yet, but was considering. I'm considering a little less now that I missed out on +20%.

To: Wallace Rivers who wrote (10437)	4/28/2000 11:43:00 AM
From: geoffrey Wren	Read Replies (2) \| Respond to of 78955

Re: ANF I was in a nice suburban mall, and looked at what was on display at Abercrombie and Fitch. About the only difference I could see between their clothes and what you get at Salvation Army is that there is an "Abercrombie" label. I know of course that when it comes to teenagers there is a different taste, but still I'd have a hard time backing that company. I've made a little money in retail some time ago. I think ANN might be worth a good look now.