I agree with your assessment. I have been short ANF since their latest earnings (has not really worked until yesterday). Management admitted that they missed on a number of different fashions, and now they are departing from their long held strategy and deciding to discount. This stock is extremely overvalued and has not shown any sign of improvement, as seen in their recent SSS:Jan -20.0%Feb -30.0%Mar -34.0%Apr -22.0%May -28.0%-cnimbo (short ANF)
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