Ariana Research
Long/short equity, deep value, special situations

Ascena Thesis Reaffirmed: Positive Developments, Undervalued Business Point To Substantial Upside

On 9/24/2013, Ascena Retail Group, Inc. (NASDAQ:ASNA) ("Ascena", "ASNA" or the "Company") reported its Q4 results, which were quite favorable, ultimately leading to the share price increasing over 15% from our initial recommendation. As evidenced in the previous quarter's performance, we believe the Company is "hit...

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