Okay now we are talking, so here we go investing in your style. Literally, I'm taking a look at two very comparable companies that you should invest in today. Saks Fifth Avenue and American Apparel.
So why invest in these two companies if you're gonna hit up fashion? Potential and growth, these two companies have it right now and something big is going to happen with both of these companies. Let's Start with Saks Fifth Avenue, everyone knows Saks Fifth Avenue, the old school boutique started in 1867 located in New York City. This company sells high end luxury products from handbags to shoes by top end designers such as: Salvatore Ferragamo, Gucci, Lacoste, Chanel, Armani, etc. Now this sector has been hit very hard since the downtown hitting as low as $1.50/share at the beginning of the year. The stock is down 16.9% for the year but things are looking up, their real estate still holds value and a private investment of about 800 million will sure help buy time until the economy turns up. Also people most associated with this company have seen their portfolios increase a mighty hand lately which could lead to some shopping and a strong April same store sales growth. I'm liking this company a lot.
Then there is American Apparel, an enigma of American fashion as they are the biggest United States clothing manufacturer in the U.S. 3,000 employees strong produce the product in Los Angeles. The sexy jersey knit clothing is a huge seller from ages 18-40 and is geared towards the more hipster crowd. The quality of the clothing is great and employees are treated very well with this company. American Apparel plans to open 300 more stores in the next 3 years or so which is great for the company. The stock is actually up 110% for the year but way off of its 2008 high of 15. Why do I like this stock, because it's innovative CEO Dov Charney is a genius when it comes to fashion. He knows his stuff whether it be controversial (have you seen his advertisements) or just how to make great quality clothing.
So get out there and put a cool $1,000 in these two companies...ride it out for a month or two....
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