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Shaun Currie, CFA

 
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  • American Eagle Outfitters: Risk/Reward Now Becomes Too Compelling To Ignore [View article]
    Greg,

    No timeline yet on a new CEO, but the process has begun. The company should be giving updates periodically.
    Mar 26 10:44 AM | Likes Like |Link to Comment
  • American Eagle Outfitters Offers Investors Multiple Ways To Win [View article]
    Thanks for the response. One more question - do you believe that the $500MM EBITDA number is the correct metric to use. 2013 and 2014 EBITDA will probably come in around the $400M level (similar to 2011), make $18 the private takeout base case?

    Just to let you know, I'm a fan of the company. I would be fine if they passed up on a $20 take out offer since management has a clear direction to double the stock over the next 5 years. Considering the market conditions in apparel, I don't see AEO trading anywhere near 8x EBITDA over the next year, but longer-term its a great company.
    Sep 25 01:48 PM | Likes Like |Link to Comment
  • American Eagle Outfitters Offers Investors Multiple Ways To Win [View article]
    Thanks for the article. How realistic do believe the repurchase scenario you speak of is? Management has spoke about keeping a minimum of $600MM of cash on the balance sheet (which they are currently under and hope to get back to by year-end and this is without any debt on the balance sheet) and the company has recently stated that the priority for cash is organic growth with returns of capital to shareholders being secondary.
    Sep 23 11:48 AM | 1 Like Like |Link to Comment
More on AEO by Shaun Currie, CFA
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