But if you bought the dip you're doing well. The stock is back to more than $50, the 20 cents-a-share dividend remains intact, and this month Jeffries let the same online publisher that did the original hit piece know that he also hates the color black.
He may be a Bond villain, but so far Mike Jeffries isn't hurting. Jeffries earned more than $48 million in the company's last fiscal year, mostly from stock options, and at current prices he has options worth another $156 million. The company still retains its private jet where the flight crew is outfitted in the chain's clothes. The new "back to school" catalog is out, once more featuring young hunks photographed by famed fashion photographer Bruce Weber.
Assuming the summer quarter's numbers, due out in late August, are up to standard, all Jeffries' quirks will be forgiven. The only thing Wall Street will protest is a bad result.
At the time of publication, the author owned no shares in Abercrombie & Fitch.Follow @DanaBlankenhor This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV