This latest add means that SAC Capital now has a 5.35% stake in the Ann Taylor Stores (NYSE:ANN).
For current price and detailed analysis on ANN, [url=http://www.gurufocus.com/gurutrades/ANN ]go here[/url].
Stevie Cohen has a reputation as a highly intuitive billionaire hedge fund investor. At the end of December 2012, SAC Capital’s portfolio shows 1,581 stocks at a total value of $17.26 billion. SAC portfolio’s top sectors are weighted with EFT, options, preferred at 29.8%; consumer cyclical at 20.6%; energy at 10.2%; and healthcare at 8.6%.
The GuruFocus checkup on ANN shows three good signs: Ann Inc. has enough cash to cover all of its debt. Its financial situation is stable. The ANN P/B ratio (3.05) is close to one-year low of 2.89, and the ANN P/S ratio (0.6) is close to a one-year low of 0.55.
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