Robert Way/iStock Editorial via Getty Images Introduction Back when I initiated coverage and a position in Abercrombie & Fitch ( ANF ) in October, I highlighted their clear undervaluation, with strong financials, double-digit buyback yields, and long-term growth potential. At its peak, the stock basically doubled a couple of months after that, but we now see it sliding back to a more attractive le...
Robert Way/iStock Editorial via Getty Images Introduction Back when I initiated coverage and a position in Abercrombie & Fitch ( ANF ) in October, I highlighted their clear undervaluation, with strong financials, double-digit buyback yields, and long-term growth potential. At its peak, the stock basically doubled a couple of months after that, but we now see it sliding back to a more attractive level, while the company remains in an excellent financial position, with strong fundamentals and still expanding their brands. Internal Developments Abercrombie & Fitch IR ANF's stock skyrocketed by nearly 40% on the day of the Q3 earnings release (and essentially doubled from late November to late December), thanks to record Q3 sales and an upgraded outlook, beating the market's expectations and recording 7% net sales growth in the Americas and EMEA while APAC fell by 6%. As expected, the company's free cash flow also improved compared to the nearly flat first half of 2025, reaching $127.79 million over 9M'25, lower than the $270.72 million from 9M'24 due to higher CAPEX, tariffs, and the impact of working capital changes. It's also important to keep in mind that the company's Q4 tends to be better in terms of cash flows due to the seasonality seen in the industry, usually being their strongest quarter. Abercrombie & Fitch IR In early January 2026 , the company issued an early Q4/holiday update that disappointed the market, with the stock crashing by nearly 20% on that day, even though they continued their strong performance and updated the guidance to reflect better-than-expected sales and profitability. As a note, they estimate the full-year tariff impact to be about $90 million, or roughly 170 basis points as a percentage of sales, which is quite a bit for a ~$4.31 billion market cap. Based on this guidance, they also expect a CAPEX of ~$245 million (another increase), $20 million higher than the previous one, while also narrowing their net income per diluted share guida...
"It will be so amazing if we do have a nationally-scarce species like this on the reserve, discoveries like this make our community land even more special as a haven for people and wildlife," Jenny said.
"It will be so amazing if we do have a nationally-scarce species like this on the reserve, discoveries like this make our community land even more special as a haven for people and wildlife," Jenny said.
Temasek Holdings Pte. and Life Insurance Corporation of India Ltd . are likely to be key sellers in the potential $2.5 billion initial public offering of India’s top bourse, the National Stock Exchange of India Ltd. , according to a person familiar with the matter. State Bank of India Ltd . and SBI Capital Markets Ltd. are also likely to participate as sellers in the long-awaited IPO, which is exp...
Temasek Holdings Pte. and Life Insurance Corporation of India Ltd . are likely to be key sellers in the potential $2.5 billion initial public offering of India’s top bourse, the National Stock Exchange of India Ltd. , according to a person familiar with the matter. State Bank of India Ltd . and SBI Capital Markets Ltd. are also likely to participate as sellers in the long-awaited IPO, which is expected to consist solely of existing shareholders offering between 4% and 4.5% of the company’s equity, according to the person, who asked not to be identified because the information is private. All 190,000 shareholders of the exchange will be given the option to participate in the secondary sale as part of the IPO, the person said. LIC holds a 10.72% stake in NSE and Temasek has about 4.5%, according to data published on the exchange’s website. SBI Capital also held roughly 4.5% as of Dec. 31, 2025, while SBI’s stake is about 3.2%, the data show. NSE’s board is likely to form a committee comprising its top executives and the representatives of major shareholders including LIC and SBI in a few days to oversee the IPO process, the person said. The board is scheduled to meet on Feb. 6 to approve the financial results for the quarter ended December 2025 and is also likely to decide on the formation of the committee. Shares of NSE are trading at about 2,150 rupees in the unlisted market, according to Incredmoney.com , implying a valuation of about 5.3 trillion rupees ($58 billion), making it the world’s fourth-most valuable exchange among listed peers, according to data compiled by Bloomberg. The committee’s mandate is expected to include assisting the board in appointing investment bankers, negotiating fees, determining the amount of shares to be sold by existing investors, and filing the draft prospectus. The exchange is targeting a timeline of about three months for the filing, the person added. Deliberations are ongoing and key details could still change, the person said. S...
A local resident watches on as the remaining area of the Harcourt fire burns in the background on January 12, 2026 near Harcourt, Australia. Jesse Thompson | Getty Images News | Getty Images The catastrophe bond market shattered a host of records in 2025 — and many expect another banner year as investors flock to what has been an often-overlooked asset class. The issuance of so-called CAT bonds ba...
A local resident watches on as the remaining area of the Harcourt fire burns in the background on January 12, 2026 near Harcourt, Australia. Jesse Thompson | Getty Images News | Getty Images The catastrophe bond market shattered a host of records in 2025 — and many expect another banner year as investors flock to what has been an often-overlooked asset class. The issuance of so-called CAT bonds ballooned to $25.6 billion in 2025, according to specialist data provider Artemis.bm, eclipsing the 2024 record of just under $17.7 billion by a whopping 45%. The issuance stemmed from 122 transactions, surpassing the previous record of 95 set in 2023, with 15 first-time sponsors seen entering the market. Taken together, these records reflect a breakout year for what has long been considered a relatively niche corner of the insurance industry. Andy Palmer, head of insurance-linked securities (ILS) structuring for EMEA and APAC at Swiss Re , one of the world's largest reinsurers, said no one could have predicted the amount of CAT bond issuance in 2025, describing the feat as "absolutely remarkable." "By any dimension you want to measure it, the market is growing. We are seeing larger deals being done, we are seeing new sponsors coming to market [and] we are seeing a meaningful expansion of risk," Palmer told CNBC by video call. "It was just a shift, I think, mentally for everybody that looks at this space," Palmer said. "We expect that now to continue from here on in." First created in the 1990s, CAT bonds refer to a type of financial instrument designed to raise money for insurers in the event of a natural disaster, such as a hurricane or earthquake. These insurance-linked securities are essentially a way for insurers or reinsurers to offload the risk of potentially large losses from extreme events to investors. This in turn, provides insurers with access to funding, helping them to pay claims in the event of a catastrophe. watch now VIDEO 3:46 03:46 Trying to look through th...
CrowdStrike stock is down in 2026, but a Fortinet upgrade and resilient ARR growth hint the cybersecurity leader may be nearing support before earnings
CrowdStrike stock is down in 2026, but a Fortinet upgrade and resilient ARR growth hint the cybersecurity leader may be nearing support before earnings