$648 million investment dropped $5.59 million 2007. But the 2008 1 million dollars in cash is a loan, it is the first time since January 1998, had been digging or debt said credit limit. In addition, these investments 262 million dollars in art (stock), auction rate for a "third recently said" (management decide how to value).
Add it all up - 9 billion decline from last year's third, to this year's $100 million to borrow pump up cash on the left of the balance sheet, mark-to-market losses, i.e., salt-tolerance about us $40 million - you see is a percentile - to - percentile negative - cash decreases 2.3 billion dollars.
And again, this is before the disaster of this year’s Q4, where same store sales were -28% in November, and -24% in December (December’s SSS number was obtained, per DA Davidson analyst Crystal Kallik, only by ANF’s starting clearance sales with heavy discounts on Christmas Eve).
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