Finally Some Good News at American Apparel

APP reached agreement on a new amended credit agreement with its lead bank. Back in early June the stock took a dive on the day the company announced that negotiations were ongoing but that the first deadline had been missed. Not surprisingly the shares are rallying nicely today, up 6.5% right now. Volume is decently […]

Box Office Remains Healthier Than Expected But…

The box office rose for the fourth consecutive weekend with the top 12 films up 9.7% according to BoxOfficeMojo.com. Every weekend in June has been up bringing the summer to a 2.6% gain. Quarter-to-date the box office is still down 2% due to a very weak April. Comps stiffen considerably starting this coming weekend but […]