Published: October 17, 2014
We believe that the Board has a unique opportunity to monetize the Company at a very attractive valuation, but in order to do so the Board must act with urgency. We hope that the Company will do the right thing and take the required steps to maximize value for all shareholders. We look forward to...
Published: September 27, 2013
A buyout opportunity is possible with the participation of an activist investor who has a proven track record of hitting 40-50% returns in 2-3 years as its third-largest shareholder. My target price per share is $25.35, representing a 57% return from the closing price of $16.16 on 9/13/2013.
Published: December 05, 2012
American Apparel is trading at $1.00 despite increasing Same Store Sales for the past 18 months in a row. The company has stated in the past announcements if store sales continue to trend higher, the company will refinance their existing high cost debt which should trigger significant upside to t...
Published: November 14, 2012
Despite the macro headwinds in Europe, the returns on ANF’s international stores are excellent (35%+ after incremental non 4-wall costs) and its Direct-to-Consumer business continues to deliver healthy revenue growth (20%+) and operating margins (40%+).