Abercrombie’s high-risk strategy
In this edition of Investor Beat: A & F won’t stock sizes for larger women. But is that a good approach, especially for investors?
- DirectTV (DTV) hits a new all-time high. The satellite TV provider now has more than 20 million subscribers in the US.
- Bank of America (BAC) hits a two-year high in the wake of its $1.7 billion settlement with mortgage insurer MBIA.
- Mercadolibre’s (MELI) first-quarter revenue rises 23% and shares hit an all-time high.
- First Solar (FSLR) loses some energy on lower-than-expected earnings.
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The really "cool kids" are on morgue slabs. The ones A&F appeals to are warm but similarly brain dead.
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The company plans to close stores and lay off employees, and says it needs to make some deeper changes.
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