How to Profit From the “Apocalypse”
How to Profit From the “Apocalypse” by Justin Spittler – Casey Research
Abercrombie & Fitch plunged 23% on Monday.
It was the stock’s worst one-day crash since 2000. The sell-off began after the once-iconic American retailer shared bad news. It admitted that no one wants to buy the company.
You see, Abercrombie is in turmoil. Its sales have been falling since 2014. It plans to close 60 stores over the next seven months.
It desperately needs a lifeline. So, the company was trying to sell itself. But no one wants to buy it. The company’s too toxic.
After Monday’s crash, Abercrombie is down 54% over the past year. It’s trading at its lowest price since the dot-com crash.
But it’s likely headed lower. It could even go bankrupt.
If it does, it will become the latest victim in what I’ve been calling the “retail apocalypse.” Regular readers know this is a genuine crisis.
• Traditional retailers are failing left and right…
More than 3,000 retail stores have already closed this year.
By the end of the year, more than 8,000 stores could close their doors. That would be the most ever in one year.
This is why I’ve been urging you to avoid traditional retail and mall stocks.
If you took my advice, great. You’re out of harm’s way.
But I didn’t write this essay to tell you what you already know. I wrote it to tell you how to turn the retail apocalypse into huge profits.
You won’t even have to short (bet against) stocks or do anything else sophisticated. You just have to buy a special kind of real estate stock.