Posts for Ticker ‘APP’

The Unusual Suspects (APP, BRK-A, CPB, MTXX, MCO, MHP, RMBS, QQQQ, GDL, UNH)

bull-and-bear-imageIt is the weekend, albeit a long three-day weekend for Labor Day.  Earnings season is done, gone, bye-bye, but this coming week there are going to be some key events and key stocks to watch including American Apparel Inc. (AMEX:APP), Campbell Soup Co. (NYSE: CPB), Matrixx Initiatives Inc. (NASDAQ: MTXX), Moody’s Corp. (NYSE: MCO), McGraw-Hill (NYSE: MHP), Rambus, Inc. (NASDAQ: RMBS).  On bigger market pundit calls, we want to watch the key ETF and ETN products of PowerShares QQQ (NASDAQ: QQQQ), the Semiconductor HOLDRS (NYSE: SMH), and Technology Select Sector SPDR (NYSE: XLK), SPDR Gold Shares (NYSE: GLD), the Market Vectors Gold Miners ETF (NYSE: GDX), and the Ultra Gold ProShares (NYSE: UGL).  Elsewhere, there is the death of the PowerShares DB Crude Oil Double Long ETN (DXO).  Sears Holdings Corporation (NASDAQ: SHLD) will also be key to watch because of a response to a nasty Barron’s article.

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Posted on: September 5, 2009 – 8:31 am in Calendar, Charts, Commodities, Labor & Unions, Mergers and Buy Outs, Metals, Rumors, Trading Alert, , , , , , , , , ,

American Apparel Secures Needed Investment (APP)

money-stack-image28American Apparel, Inc. (NYSE Alternext: APP) has confirmed reports of an outside private equity investment.  The retail apparel player got $80 million with Lion Capital LLP.  This should satisfy most of the concerns which have been around the company.
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Posted on: March 13, 2009 – 7:23 am in Private Equity, Retail, Secondary Offering,

Retail Winners In Hard Times (ARO, APP, HOTT, BKE)

Money_stack_pic_3There are actually a few bright spots in retail despite an economy that is still getting worse and an environment where the consumer is getting poorer and less certain about their job prospects.  Among the companies highlighted are Aeropostale Inc. (NYSE: ARO), American Apparel, Inc. (AMEX: APP), Hot Topic Inc. (NASDAQ: HOTT), and The Buckle, Inc. (NYSE: BKE).

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Posted on: January 8, 2009 – 10:52 am in Economy, Retail, , , ,

SPAC IPO FILING: Grand Slam Acquisition Corp. (APP, VRY, TCW)

Grand Slam Acquisition Corp. is a SPAC (special purpose acquisition company) that has filed to come public via an IPO.  But this is larger than most SPAC IPO’s with a $750 million proceeds target.  Each unit will consist of a share of stock at the $10 set SPAC price and will consist of a warrant.  Citigroup is listed as the lead underwriter.

As you can see by its filing, it is not honing in on a set business for the time being:  "Our efforts in identifying a prospective target business will not be limited to a particular industry although we will not search for target businesses in the financial services industry or the entertainment, media and/or publishing industry…. We do not have any specific initial business combination under consideration. We have not, nor has anyone on our behalf, contacted or been contacted by any prospective target business or had any substantive discussions, formal or otherwise, with respect to such a transaction."

While the target sector may not be disclosed, the SPAC says it wants to pursue stable leadership companies.  Here are the notes:

  • Established Companies with Proven Track Records;
  • Companies with Strong Free Cash Flow Characteristics;
  • Strong Competitive Industry Position;
  • Experienced Management Team.

The company is led by the old Endeavor Acquisition Corp. chairman Eric Watson, which just recently became American Apparel (AMEX:APP). He’s been around this game before as he has been behind other SPAC’s such as Victory Acquisition Corp. (AMEX: VRY) with a $390 million market cap today, Triplecrown Acquisition Corp. (AMEX: TCW), and Performance Acquisition Corp.

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Jon C. Ogg
December 27, 2007

Posted on: December 27, 2007 – 7:30 am in IPOs, , ,