I've been talking about swapping out part of the American Eagle Outfitters (AEOS) position for some Abercrombie & Fitch (ANF) in the last few posts. Well, it's done.
I sold roughly 37% of the AEOS position today at 39.75, and initiated a position in ANF at 64.30. ANF has now been added to the sidebar quotes.
Given the recent sales data and watching the near-term growth trends of each company, it does look like AEOS is the company with more growth potential. But, I still think it's tough to justify its valuation relative to ANF.
I'm no market guru... so when I'm not that sure about something, it makes more sense to have a little bit riding on two horses than just one.
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