The recent "acquisition" of American Apparel will result in the ability to buy/sell its company's stock...
I'm typically not one to chuck money at something i don't completely understand but this is deja vu all over again (yes, it's happened three times total). A few years back i remember thinking that the newly listed Urban Outfitters stock wouldn't fare so well. "Who needs all that kitchy clothing anyway" I thought. Well, you can probably guess what didn't happen to that non-investment (it proceeded not to quintuple in the following three years). The same goes for my non-followed hunch on H&M.
THIS time it's going to be different. I've pooled some pennies together and bought the stock of a company who's image I sorta can't stand. BUT as i've learned many (painful) times before, just because YOU don't like it doesn't mean that millions of midwestern mall traipsing children won't! What's the downside you ask? Well, losing all your money and directly supporting the kiddie porn industry to name two.
Dove Charney, MY CAPITALIST ANTI-CHRIST.
Confession: The only tshirt I will purchase is American Apparel size large (oops!).
Disclaimer: Don't go out and buy this stock then blame me when it plummets to zero. I am ABSOLUTELY NOT recommending that anyone make this investment.
Late December 2006 newstory / Two year chart of stock ticker APP
* Much credit to my friend JasonY for bringing this late December announcement to my attention
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