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Looks like its time to start setting some new 52 week highs.
News!!!
March 4, 2013
American Apparel, Inc. Reports Fourth Quarter and Full Year 2012 Financial Results and Provides Initial Outlook for 2013. Operating Income Improves by $24.3 Million.
LOS ANGELES--(BUSINESS WIRE)-- American Apparel, Inc. (NYSE MKT: APP), a vertically integrated manufacturer, distributor, and retailer of branded fashion-basic apparel, announced financial results for its fourth quarter and year ended December 31, 2012. The Company also provided guidance with respect to expected 2013 performance.
Financial Performance Highlights for 2012 and the Fourth Quarter of 2012
Sales:
Net sales: Up 13% for year; 10% for the fourth quarter.
Comparable retail store sales: Up 13% for the year; 7% for the fourth quarter.
Online sales: Up 30% for the year; 42% for the fourth quarter.
Wholesale sales: Up 12% for the year; 19% for the fourth quarter.
Gross Profit:
For the year: Up 11% to $327.4 million in 2012 from $294.9 million in 2011.
For the fourth quarter: Up 11% to $93.1 million in 2012 from $83.8 million in 2011.
Operating Expenses as a Percentage of Sales:
For the year: Down 5.2 percentage points to 52.9% in 2012 from 58.1% in 2011.
For the fourth quarter: Down 4.9 percentage points to 49.8% in 2012 from 54.7% in 2011.
Cash Generated from Operating Activities:
For the year: Up $21.3 million to $23.6 million in 2012 from $2.3 million in 2011.
For the fourth quarter: Up $9.7 million to $22.0 million in 2012 from $12.3 million in 2011.
Operating Income:
For the year: Up $24.3 million to $1 million in 2012 from a loss of $23.3 million in 2011.
For the fourth quarter: Up $9.2 million to $6.8 million in 2012 from a loss of $2.4 million in 2011.
Adjusted EBITDA:
For the year: Up 150% to $36.6 million in 2012 from $14.5 million in 2011.
For the fourth quarter: Up 95% to $17.8 million in 2012 from $9.1 for in 2011.
Earnings (Loss) per Share, Diluted:
For the year: Up $0.07 per share to a loss of $0.35 in 2012 from a loss of $0.42 in 2011.
For the fourth quarter: Up $0.15 per share to $0.04 in 2012 from a loss of $0.11 in 2011.
Lol no doubt about that. Should be getting financials in another week...lets see where they push the PPS to!
I will see you when we get there...because I am not ready to give up on this one yet. I was just hoping for a little more out of last weeks run. I really like what the company put out in the latest PR could be the driver for a major turn around, just not going to happen overnight...or in week. Patience with this play could really pay off. Long PULS
LMAO, yeah it's on fire
Well starbuxsux volume still dropping with more sells than buys, not a good sign. Have I mentioned lately that some follow up news might really help.....
Nice little 3% green day. Hoping we can repeat the process tomorrow!
Well not all buyers are bidwackers. I put in a limit buy on the ask .0007 and got filled on the bid price of .0006. Tried to help our cause but apparently the MM's have other plans.
No worries here, slow and steady up or even holding these levels are good until updated mining news comes. Then we will start to see great quarterly reports showing profits. No plan to sell any shares this year...or even next year. I love the potential here and the company keeping shareholders informed. GYST
You are sure sticking by your prediction....I like that. So if this one comes through will you be making any further predictions?
Lol...you know your right about the quiet being kinda nice. I am in several others that have so much mindless chatter it's crazy. This could be a sleeper that sneaks up on people.
Well there is no doubt in my mind that you called this run. All anyone needs to do is scroll down this message board to your post in early February for proof.
I am sure your right just not many posting on the board. This definitely has room to run and hoping it takes off north again tomorrow.
Looks like it back to just you and me here...lol. I sure hope the company puts out a PR from the Spain conference before the volume and momo completely goes away. The new antennas they have sound like a major asset to the company now how about news on a PO from a big cell phone manufacturer.
Don't we have some test results coming soon? I was thinking back to the conference on Feb 11th that we would get preliminary result by the end of Feb with official result to follow in March.
We broke on thru!! Now let's test 3.69 again
I having been watching since .21 but haven't had funds to get. I would love to see a correction so I can get in. I may have missed my best chance to get in.
Great article, it's exactly why I have been holding my shares since late last summer. Yeah maybe I got in a bit early so this has been a long time coming.
I see the RSI over 70, normally indicates a pullback. I hope the news is strong enough to keep the momo going here!
The RSI was above 70, not surprised to see a pullback. So lets good green tomorrow. Do you think we get any news from the conference in Spain this week?
Awesome day...can we do it again tomorrow?
That is huge news and totally agree lets see some contracts. I went from just hoping to get some of my money back on this stock to looking for profits. Go PULS
Well it's sure heading in the right direction but .65 is still a long way off. I for one hope you are right and will be on here giving that once we double current PPS.
We are long with no doubts...holding for the updates so only checking in a few times a day GO GYST
Crazy stuff..but I love to see it especially on a Friday.
This block of shares bought by the CEO was set up on 2/5 according to the filing. To me that means he wanted to set up the purchase ahead of time to avoid any type of insider trading conflict. We should have news here according to the CEO by the end of the month.
Anyone have a clue what's going on here today? Did I miss some bad news that was released?
This week would be great for the 4th Q earnings. I think with that and the Annuals we can break the 52 week high. Hasn't been much info or talk about the refi lately...I hope that means its in the work.
That was my first thought too.
I am ready to see those 4's. Maybe by the end of the month.
No plan to sell anytime soon. At a minimum I will hold until the Internet gambling revenues start pouring in.
Thanks for the link, it worked for me. IMO Zynga can afford this buyout since they have 1.4 billion in cash. Sure seems like the logically thing to do on the outside looking in.
Do you know when that report is scheduled to be released? Thanks, I too think next will will be good! Go AXLX
We should be getting the Quarterly Report (10Q) next week. The last one was submitted on November 14th. I completely agree with your PPS outlook going forward. I will also be holding my shares a bit longer. APP
Me too....and on free shares. Nothing to lose so just waiting for news to hit and fly this back up.
Great point about spreading the word. Over the past couple weeks I turned a few of my friends onto this stock and they are invested for the long haul. I love how this company keeps share holders informed of every move they are making to increase production at the mines. Long GYST
You seem pretty sure about that .65....I will we watching and hoping you are correct.
Hey Neo...we talked about having patience after the conf call on Thursday. Didn't have to wait long for this to run. Can't hardly wait to see how high we are at the end of this week!!
I think this one will pay off big for those who can remain patience. I have time...go AXLX
Gotta love this ride!! Go VDSC