Did A Major Investor Dump All Of His American Apparel Shares?

Illustration for article titled Did A Major Investor Dump All Of His American Apparel Shares?

Asked and answered: "Now that he owns less than 5 percent of the company's shares, [Burkle] does not have to publicly report his holdings and might have sold out entirely." At press time, American Apparel was trading at $1.06.

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DISCUSSION

summerisnotaverb-old
summerisnotaverb

I thought it was sell high/buy low.

Then again, "high" in this scenario would be $1.15.