Atlanta, GA – Scibility Media – 11/11/2014.
This article discusses two companies: Cadiz Inc(NASDAQ:CDZI) and American Apparel Inc(NYSEMKT:APP)
Cadiz Inc(NASDAQ:CDZI) announced that it had a registered an offering of up to 1,638,869 shares of its common stock on Nov. 10th, 2014. The offering was priced at $10.1751 per share. Cadiz plans to use the proceeds of its public offering for general corporate purposes, such as working capital and the construction phase of the Cadiz Valley Water Conservation, Recovery, and Storage Project.
The California-based company operates as a land and water resources development company in the United States. Specifically, Cadiz is involved in land and agricultural development activities in San Bernardino Country properties. California is currently facing a severe drought, which Cadiz is working to help solve.
American Apparel Inc(NYSEMKT:APP) reported its third quarter financial results on Nov. 10th, 2014. The figures included a loss per share of $0.11, a ten cent increase from the $0.01 per share loss recorded during the same period of the previous fiscal year. Additionally, American Apparel also announced that it had recorded an adjusted EBITDA of $13.5 million, a 38% increase from the $9.8 million figure recorded during third quarter 2013.
Scott Brubaker, the company’s interim CEO, highlighted the company’s strong adjusted EBITDA as a sign of the “strength of American Apparel’s operating model.” For some American Apparel shareholders, however, the question may be whether former CEO Dov Charney’s leadership could have improved the company’s financial results.
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