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Stock Market & Financial Investment News

News Breaks
July 6, 2014
15:49 EDTAPPLion Capital demands Charney reinstated to American Apparel, Bloomberg says
Lion Capital, an investor in American Apparel, is threatening to call in a $10M loan it made to to the retailer unless ousted CEO Dov Charney is reinstated, says Bloomberg. According to the report, Lion is in discussions with another American Apparel investor, Standard General, to make its case that Charney's return will benefit the business in the short term. Lion said it will file a notice to accelerate payment of the loan before U.S. markets open tomorrow if it is not satisfied with Standard General's response, added Bloomberg. Reference Link
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August 19, 2014
09:15 EDTAPPAmerican Apparel price target raised to $1.25 from $1 at Roth Capital
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August 18, 2014
17:19 EDTAPPAmerican Apparel sees FY14 adjusted EBITDA $40M-$45M
17:18 EDTAPPAmerican Apparel reports Q2 EPS (9c), consensus (6c)
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August 12, 2014
17:39 EDTAPPAmerican Apparel reports estimated Q2 EPS (9c), one estimate (6c)
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16:48 EDTAPPAmerican Apparel files to delay 10-Q
As previously disclosed, five of the seven directors of American Apparel resigned on July 9, and four new board members were appointed to fill the vacancies resulting from such resignations on August 2, and one new board member was appointed to fill the remaining vacancy on August 8. The new board needs additional time to review the financials and ask questions of management before the Company is in a position to finalize the financials to the Quarterly Report on Form 10-Q for the quarter ended June 30. In light of the foregoing, the process of completing the financial statements and the related information required to be included in the Quarterly Report could not be completed by the scheduled filing deadline for the Quarterly Report.

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