Dov Charney's unorthodox view of finance

The CEO of L.A.-based American Apparel was asked by CNBC's Jane Wells about his made-in-the-USA business model that remains unprofitable:

I think you're casting it in the wrong light, that it's unprofitable. From the accounting perspective, ten, twenty feet up, yeah, it's unprofitable. If you get down at the numbers, our gross margins -- I'm talking about the cost versus the selling price -- our gross margins are as high as a luxury brand like Prada.

To be fair, American Apparel received an $80 million line of credit from George Soros-backed Crystal Financial. That loan, plus the extension of a second line of credit, gives the company a little breathing room - though he's paying 14 percent interest on the financing. Charney also said that the various lawsuits against him - several involving sexual harassment of one sort or another - are baseless, but he was willing to accept the notion that he's, well, weird.