January 28, 2013 at 11:55 AM EST
Why Investors Should Be Skeptical of the Abercrombie Growth Story
Abercrombie & Fitch’s (NYSE:ANF) stock is up 65% over the past three months. This stock jumped on November 14 2012 (up 34%) as Abercrombie substantially beat analysts’ earnings estimates for its third quarter of fiscal 2012 and management raised its earnings outlook for 2012.  Reading the headlines it appears as though this retailer raised earnings expectations in a difficult consumer and macroeconomic environment.  And I get it…beating estimates and raising earnings expectations usually results in an upward move in the stock price.  However I’d like to dig a bit deeper into this “growth” story which in my opinion is ...
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