Abercrombie & Fitch: When a ‘Negative Reaction’ is an Understatement
May 26, 2016 at 12:43 PM EDT
Abercrombie & Fitch's ( ANF ) earnings were bad enough that UBS analyst Michael Binetti and team wrote that they expected "a negative reaction." That appears to be an understatement, as Abercrombie's shares are getting, well crushed. From Binetti:
