Description: Controversial retailer Abercrombie & Fitch is not doing well. It’s losing money and sales are declining. But it didn’t do as badly as Wall Street expected. So the stock is surging. That’s silly.
Source: CNNMoney.com – video report
Date: May 29, 2014
Questions for Discussions:
- Why is the stock rebounding?
- Do you think it is a good buy today?