While economic recovery is on the lips of the chattering class 24/7, it has yet to show itself for real in the retail sector.
American Apparel Inc. (NYSE MKT: APP) had 897,220 shares change hands Mar. 7, a day after it released its sluggish financial results for 2013.
Here are the New York-based apparel designer and manufacturer’s preliminary unaudited financial results for 2013:
- Net sales of $634 million, an increase of 3%.
- Comparable store sales including online sales, an increase of 3%.
- Wholesale net sales of $180.7 million, an increase of 4%.
The Company estimates for the year ended December 31, 2013 adjusted EBITDA will be between $7 million to $9 million as compared to $36.6 million for the year ended December 31, 2012.
The nonexistent growth in same-store sales along with low consumer traffic is stifling American Apparel’s chances for growth. But some optimistic industry observers believe pend up demand will show itself among consumers once spring has sprung and winter has faded into the rear-view mirror.
On Mar.7, APP’s share price closed at 79 cents, down 3 cents from its closing price of 82 cents the previous day.
Find out what could be the best investor’s move when it comes to APP by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Mystery Wrapped Up In a Enigma
Meanwhile, Analytica Bio-Energy Corp. (OTCQB: ABEC) is an interesting penny stock to watch for 2014 in that you will really have to dig deep to find out whether its claims of developing a new technology are just so much puffed-up hype, or really have an anchor in reality.
The Canadian-based company said in its profile that it has developed a new patented technology that removes all toxic and hazardous chemicals prior to disposal. Analytica Bio-Energy adds that industrial wastewater in itself is a hazardous substance.
“Toxic chemicals cannot be disposed of into sewers, rivers, or lakes. When left unchecked these chemicals destroy all life forms in the waterways, plus end up in the water we drink,” the company says.
The company adds that industrial wastewater must be treated prior to disposal.
“With change come new obstacles. Automated and mass production in the majority of manufacturing produces more wastewater. Analytica Bio-Energy Corp. specializes in the manufacturing of highly efficient industrial wastewater purification systems,” it points out.
More Specifics Needed
Since there are no regulatory filings or in-depth press releases on Analytica Bio-Energy’s new technology, at this stage we only have its vague outline on the problem and its solution. Hopefully, the company will be more forth-coming in the near future. Because, if it has what it says it does, this penny stock could end up being a winner.
On Mar.7, ABEC’s share price closed at $1.24, up 54 cents from its closing price of $1.78 the previous day.
Find out what could be the best investor’s move when it comes to ABEC by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Freddie Mac Volume Up
In the mortgage sector, Freddie Mac, Federal Home Loan Mortgage Corp. (OTCBB: FMCC) stock volume soared Mar. 7, with 30,595,887 changing hands, more than three times its three-month average volume of 8,844,026 shares.
While it seems like an eternity since the mortgage implosion and the economic nightmare it wrought, Freddie Mac is recovering slowly but steadily.
When it paid a dividend of $30.4 billion last December, Freddie Mac paid back all of the $71.3 billion it received as a bailout from the government plus an additional $9 billion, according to ValueWalk.
This is the beginning of nice recovery for the government-backed residential mortgage lender that could be bolstered further by a robust housing market.
On Mar.7, FMCC shares closed at $5.15 down 14 cents from its closing price of $5.29 the previous day, on volume of 4,703,603 shares.
Find out what could be the best investor’s move when it comes to FMCC by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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