Introduction
As we described in our last article on the company, Ascena Retail Group (ASNA) operates a number of well-known women's apparel brands, which include Ann Taylor, LOFT, Lane Bryant, Catherines, and Justice. Shares have been trading at historically low levels due to concerns about liquidity and deteriorating operating performance.
While the company has a lot of work ahead of it, last week's Q4 earnings release indicates that bankruptcy is not on the table and that management is taking the right steps to return the company to profitability.
Capitalization Table (numbers in millions)