On Monday, Abercrombie & Fitch‘s (NYSE: ANF) executive chairman told Wall Street, essentially, that the board isn’t interested in finding an acquirer, and shares plunged more than 20% in response, hitting lows not seen in many years. But what does Abercrombie & Fitch mean when it talks about rigorously executing on its business plan? Can it recover a portion of its former cachet? And is there any reason for a Fool to invest in this company?