American Apparel sucks in so many ways. They had everything going for them. They had the controversial branding, great locations, and unbeatable everyday clothes.
They just can’t figure out how to make money. Cash flows can really do wonders for fixing sick companies. And now they’ve filed for Chapter 11 bankruptcy protection.
Most of the best cuts and colors have been out of stock for months. I doubt they will remedy this anytime soon. As for the shares I own—they’re now worthless. The hipster in me died alongside this horrific trade.
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