American Eagle could be investor bargain: report (Reuters)
Cash in continuance hand and a debt-free balance sheet position the company to buy back more shares, and seven of the 25 analysts who safeguard the once-hot stock are now bullish about its prospects, making the stock an attractive bargain for investors, Barron's reported. The stock has abandoned 60 percent of its relative length transversely the past 19 months.
"With estimated year-end cash of $856 million, or $4.10 a share, and no debt, we believe AEO offers a compelling risk-reward profile for long-term investors," Susquehanna algebraist Thomas Filandro told Barron's.
American Eagle shares closed at $14.25 Friday attached the New York Stock Exchange.
(Reporting by Sarah Coffey, editing by Maureen Bavdek)
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