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American Apparel Inc (APP) [hlAlert]

Rating:
Buy APP
down 92.88 %

American Apparel Inc (APP) rated Buy with price target $10 by Lazard Capital

Posted on: Friday,  Jan 9, 2009  8:25 AM ET by Lazard Capital

Lazard Capital rated Buy American Apparel Inc (AMEX: APP) on 01/09/2009, when the stock price was $2.53. Since
then, American Apparel Inc has lost 92.89% as of 08/27/2015's recent price of $0.18.
If you would have followed this Lazard Capital's recommendation on APP, you would have lost 92.88% of your investment in 2421 days.

American Apparel, Inc.(American Apparel) is a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel based in downtown Los Angeles, California. During the year ended December 31, 2008, the Company operated 260 retail stores in 19 countries, including the United States, Canada, Mexico, Brazil, United Kingdom, Austria, Belgium, France, Germany, Italy, the Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan, South Korea and China. The business reporting segments of the Company are United States Wholesale, United States Retail, Canada, and International. Its subsidiaries include American Apparel LLC, American Apparel (USA), LLC, American Apparel Retail, Inc., American Apparel Dyeing and Finishing, Inc., and KCL Knitting, LLC. In May 2008, the Company acquired an additional facility in Garden Grove, California with cutting, dyeing and sewing capacity.

Lazard Capital Markets’ research team is broadly recognized for its insight, thoroughness, and objectivity. Our goal is to help our clients make the best-informed decisions by providing timely, thoughtful analysis as well as access to company management teams and industry thought leaders. Our industry-focused analysts strive to identify emerging sector trends as well as bottom-up fundamental issues affecting their stocks under coverage. We add value by conducting extensive primary survey work, hosting proprietary events, cultivating industry contacts, and participating in relevant industry conferences.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/9/2009 8:25 AM Buy
None
2.53 10.00
as of 12/31/2009
1 Week down  -58.52 %
1 Month down  -56.41 %
3 Months down  -63.24 %
1 YTD down  -49.01 %

(*) Stock Price at the time of the recommendation.
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