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

To: Michael Burry who wrote (2662)	9/2/2000 7:44:37 AM
From: David	Read Replies (1) \| Respond to of 4690

Re: ANF Interesting, the share price of the company recovered strongly from the doomed fashion risk in a very short period of time, and during the course sales grew quite considerably, presumably through expansion of new stores, and the company continued producing high returns. SSS also recovered quite well, coming off of difficult last year comparisons. Could be some proof Jefferies and his gang are expert in navigating through the choppy fashion waters. I continue holding ANF, and am uncertain when to sell, and would prefer not to sell. Its history of high equity returns on little or no debt keeps me holding, as well as the prospect of steep short term capital gains tax. I am looking at Fossil, which has similar characteristics as ANF from the fashion risk standpoint. Mike, I think you were commenting on this one at some point. Any new thoughts on FOSL?