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  • American Eagle Outfitters' Wings May Be Falling Off [View article]
    bellard,

    We do follow AEO and though we have not posted an e-line on the CrossProfit site for AEO the CP consensus is that we have not yet seen the bottom for AEO in 2008.

    Where that bottom is/will be is non-consensus, though the range is as low as 11+ and the high end is 15+.

    In 2007 the CP consensus was that AEO would bottom out at 23 whereas in December the actual low was around 20. So far, the high this year (2008) was 23+ (on a weekly close basis), very much in line with our expectations.

    We do not see AEO touching 30 or even 27.50 in 2008.

    Thanks for sharing your method and analysis.

    consensus CrossProfit
    Apr 14 07:03 am |Rating: 0 0 |Link to Comment
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