Abercrombie to pay 'Jersey Shore' cast to stop wearing its clothes

[Mr Khan]

chocoloco said:

NiKKoM said:

That a great decision

Apparently not a great decision as following this Abercrombies stock dropped almost 10 % in one day.

"Abercrombie & Fitch's stock price dropped after the retailer offered to pay Michael "The Situation" Sorrentino to not wear the company's clothes. Coincidence?"

http://money.cnn.com/2011/08/17/news/companies/abercrombie_jersey_shore/?npt=NP1

 

I find this sad really that this walking STD has such an influence on culture that he can temporarily effect a stocks price.

Investors are morons. It's a point i've made previously, that only keeps reinforcing itself.