Abercrombie & Fitch: Skank Repeats Itself
I’ve mentioned Abercrombie & Fitch (ANF) repeatedly in years past as a great long-term short candidate, and it’s unfolded beautifully. Take a look at how, almost incredibly, the stock has come full circle to its financial crisis lows. Given the extraordinarily lofty state of the market in general, however, I think this stock isn’t done falling.
Disclosure: None.