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American Apparel Inc (APP) [hlAlert]

Rating:
Buy APP
down 93.57 %

American Apparel Inc (APP) rated Buy with price target $7 by KeyBanc Capital Mkts

Posted on: Wednesday,  Apr 22, 2009  8:25 AM ET by KeyBanc Capital Mkts

KeyBanc Capital Mkts rated Buy American Apparel Inc (AMEX: APP) on 04/22/2009. Previously KeyBanc Capital Mkts rated Buy American Apparel Inc (AMEX: APP)
on 03/19/2009., when the stock price was $2.80. Since then, American Apparel Inc has lost 93.57% as of 08/27/2015's recent price of $0.18.
If you would have followed the previous KeyBanc Capital Mkts's recommendation on APP, you would have lost 93.57% of your investment in 2352 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.

KeyBanc Capital Mkts is one of the nation's largest bank-based financial services companies, with assets of approximately $89 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/22/2009 8:25 AM Buy
None
4.40 7.00
as of 12/31/2009
1 Week down  -58.52 %
1 Month down  -56.41 %
3 Months down  -63.24 %
1 YTD down  -70.68 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/19/2009 8:25 AM Buy
None
2.80 4.00
1/7/2009 8:25 AM Hold
None
2.34

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