Recently, a Seeking Alpha contributor published a bearish article about American Apparel (APP): American Apparel: A Worthless Stock On Sale For $2. I see things differently. American Apparel survived problems ranging from a liquidity crunch to sexual harassment lawsuits against its founder and CEO. Despite all the distractions and negative headlines, American Apparel is working on a compelling turnaround and posting impressive same store sales metrics every month. The company was written off but it's coming back. My four main criteria for investing in retail companies are [i] unique brand, [ii] good sales trends, [iii] potential for unit expansion and [iv] a compelling valuation. In this article I will discuss how American Apparel stacks up against these...
Bullish On American Apparel: Beyond Controversy, An Inflection Point And Growth
Jul 29 2013, 06:00 | about: APP
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Editor's notes: With a recent debt refinancing squared away, APP can refocus on its growth plan and putting controversy behind it. Multi-bagger potential for the clothing company.