BUY American Apparel, Inc. (APP) – last $2.70: 7:56am . APP engages in the manufacture, distribution, and retail of fashion basic apparel for women, men, children, and pets. The company primarily offers t-shirts, denim, sweaters, jackets, and other casual wear. As of May 31, 2009, it operated 270 retail stores in 19 countries, including the United States, Canada, Mexico, Brazil, the United Kingdom, Austria, Belgium, France, Germany, Italy, the Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan, South Korea, and the People’s Republic of China. The company also operates a wholesale business that supplies t-shirts and other casual wear to distributors and screen printers. In addition, it has an online retail e-commerce Web site americanapparel.net. The company was founded in 1998 and is headquartered in Los Angeles, California. … APP announced 11.12.09 profit grew 78 percent in the third quarter because of a shift toward sales of higher-margin retail merchandise. Profit was $4.2 million, or 5 cents per share, compared with $2.3 million, or 3 cents per share, in the same quarter a year ago. Revenue declined 3 percent to $150.3 million from $154.8 million. Operating expenses rose because of higher payroll and rent expenses, given more retail stores in operation. Gross margin for the quarter was 58.1 percent, up from 49.1 percent a year earlier, partly because of a favorable shift in mix toward greater retail sales. Wholesale sales declined to 26.7 percent from 30.4 percent of total revenue a year ago. Retail sales rose nearly 4 percent to $101 million, while sales from the lower-margin wholesale business declined nearly 15 percent to $40.2 million.The company opened four new stores during the quarter. For 2009, the company expects results to range from a loss of $1 million to profit of $4 million, with sales between $540 million and $555 million.  … SPM+Game Theory 67 LONG rating  with EXIT POINT $5.25.