Ascena Retail: Too Early To Jump In, With No Improvements In Sight
The Value Investor • Wed, Sep. 24
- Ascena Retail posts soft results, issues a very poor outlook.
- 2015 will not see any recovery at all, as the company can not identify positive trends yet.
- As such I remain cautious amidst a flat net cash position, market equivalent valuation and little prospects for quick margin recovery.