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Investors could make a rational case that Ascena Retail Group (ASNA) will file for Ch.11 bankruptcy in the near future because of falling sales, high leverage, closing stores, tariffs, and declining cash, but because of a few company-specific special issues, bankruptcy might be averted. Even if the company is able to restructure its business model, its long-term prospects are not great. At this point, however, I would not short the stock based on an expectation of a bankruptcy filing.
Interesting Conference Call Comment
Carrie Teffner, interim chair, made an interesting comment during the