EFTA02495404.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Monday, July 13, 2015 5:53 PM To: Vahe Stepanian Subject: Re: FW: (BN) Ascena Falls After Cutting Profit Forecast on Slow Justice (SC) thanks, are there cds for ch=na and or moroco? On Mon, Jul 13, 2015 at 1:15 PM, Vahe Stepanian Classification: Strictly Confidential Jeffrey-just want to make sure you saw ASNA is trading down - 1.% today to $14.09/sh. on the back of the company cutting its profit foreca=t. Additional detail is included in Bloomberg article below.<=p> Recall that you own 70,500 ASNA at $21.2765/sh. cost basis purchased in =001. Thank you, Vahe Original Message From: Vahe Stepanian (DEUTSCHE BANK SECU Sent: Monday, July 13, 2015 12:57 PM Subject: (BN) Ascena Falls After Cutting Profit Forecast on Slow Justice=/u> (BN) Ascena Falls After Cutting Profit Forecast on Slow Justice Sales=/u> wrote: EFTA_R1_01619324 EFTA02495404 This has been prepared solely for informational purposes. It is not an o=fer, recommendation or solicitation to buy or sell, nor is it an official =onfirmation of terms. It is based on information generally available to th= public from sources believed to be reliable. No representation is made that it is accu=ate or complete or that any returns indicated will be achieved. Changes to=assumptions may have a material impact on any returns detailed. Past perfo=mance is not indicative of future returns. Price and availability are subject to change without notice. Addi=ional information is available upon request. =C2 =AO =C2 =AO =C2 =AO =C2 =AO =C2 =AO =C2 =A0 =C2 =AO =C2 =AO =C2 Ascena Falls After Cutting Profit Forecast on Slow Justice Sales<=> 2015-07-13 15:24:53.444 GMT By Lindsey Rupp (Bloomberg) -- Ascena Retail Group Inc. fell th= most in more than nine months after cutting its profit forecast for the y=ar because of slower-than-expected sales at its Justice and Dressbarn stor=s. Earnings in the year through July 25 will be 57=cents to 60 cents a share, excluding some items, down from a previous proj=ction of 70 cents to 75 cents, the Mahwah, New Jersey-based company said F=iday in a statement. Analysts estimated 70 cents, on average. Chief Executive Officer David Jaffe is trying t= revive sales at several flagging brands as mall traffic declines. He =80 s also struggling to clear older merchandise from the Justice teen-ap=arel chain to focus on more versatile, everyday clothing. Ascena, which agreed to buy women's wor=-wear maker Ann Inc. in May for about $2.16 billion, fell as much as 16 pe=cent to $13.80 in New York. That's the biggest intraday decline si=ce Sept. 23. Ascena had risen 30 percent this year through the end of last week. For Related News and Information: Bloomberg Intelligence - Specialty Apparel Stores: BI APPR <GO> To= Stories: TOP <GO> To contact the reporter on this story: 2 EFTA_R1_01619325 EFTA02495405 Lindsey Rupp in New York n, i r r pn i r i y:= Nick Turner at Kevin Orland This communication may contain confidential and/or privileged information. =f you are not the intended recipient (or have received this communication =n error) please notify the sender immediately and destroy this communicati=n. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidde=. Deutsche Bank does not render legal or tax advice, and the information cont=ined in this communication should not be regarded as such. please =ote The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved 3 EFTA_R1_01619326 EFTA02495406