Home > Uncategorized > APP Sinks Deeper into the Tank!

APP Sinks Deeper into the Tank!

American Apparel Inc

NYSEMKT: APP – Aug 12 3:53 PM  down to THIRTEEN CENT>>>OMG! Off 37.64% on the day

wsj

American Apparel Inc.APP -37.90% warned Tuesday it had about $13 million of available cash and risked default if it didn’t raise money or refinance its debt. The retailer also released preliminary results for the June quarter, showing its second-quarter loss had widened as sales fell about 17%. It said it would miss a regulatory deadline to file the financial results.

Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: