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status of Cannondale Co.(5 posts)

status of Cannondale Co.Jay18
Apr 20, 2002 12:33 PM
I heard from a fellow rider today that Cannondale was being sold or might go out of business. Since I am thinking of buying one of their bikes, I'm wondering if there is any truth to this. This might be old news to other people, but it is the first I heard of it.

thanks,
Jay
So far just a rumorMe Dot Org
Apr 20, 2002 6:22 PM
...that Trek would start making Cannondales. There were some postings on this about 10 days ago. I seem to remember that the consensus was there was nothing to substantiate the rumors.
re: status of Cannondale Co.Mr Good
Apr 20, 2002 8:53 PM
I recently read in some kind of stock investment paper that Cannondale stock is considered a good buy because the company is healthy, profitable, and ready to grow. I don't think they're going out of business any time soon.
As far as I know...jtolleson
Apr 21, 2002 12:30 PM
it is the stuff of absolute myth and has been reported to my knowledge in no reputable publication... You almost wonder who's behind it....
Possible take over candidate -- maybe?jagiger
Apr 21, 2002 3:20 PM
But I sort of doubt it, since the economy is weak. Even if this happened, you would have some one backing you bike.