Investing 501
Long only, value, special situations, deep value

Children's Place: Could Ascena Retail Group Come Knocking Next Year?

It has been said that there is "no substitute for experience" in investing and we find that to be true. One thing that experience in investing helps with is allowing the investor or analyst to recognize when opportunities with similar characteristics to successful investments present themselves. While working for a hedge fund a couple of years ago, two companies that we invested in, Tween Brands and Charming Shoppes were acquired by Ascena Retail Group at substantial premiums to our cost basis. I had done an analysis of Charming Shoppes that included analysis of a possible acquisition by Ascena Retail Group (NASDAQ:ASNA) and was lucky enough to be proven mostly correct on the analysis and the valuation. ASNA's acquisition

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