|Will HUFFY or PACIFIC or TREK end up with Cannondale?||phil the wheel|
Jan 28, 2003 3:51 PM
|my investment advisor told me he heard Huffy would make a run at Cannondale (same guy that told me Cannondale would file - 5 days before they did)
given what is being reported "As part of the plan, Pegasus Partners, one of Cannondale's creditors, will acquire all the bike and motorcycle maker's assets, including intellectual property, manufacturing facilities, inventory and subsidiaries in Japan, Australia and the Netherlands. Pegasus lent the company $25 million last summer. Cannondale and its lenders continue, however, to look for buyers for either or both of the businesses.
Pegasus' acquisition is pursuant to Section 363 of the bankruptcy code, and subject to court approval. The acquisition is essentially a stalking-horse move. Another company, or companies, could make a higher offer and acquire the company." it seems very likely that some company with cash who wants into the upper end market will make a run at Cannondale. Last opportunity like this Huffy was outbid at the last minute by Pacific. Now they are shut out of the over $200 market; they might find it worthwhile to acquire a name that is sellable over $500 - like the break in sporting goods stores
this will be exciting to watch
|Good time to buy HUFFY?||lew burger|
Jan 28, 2003 4:45 PM
|one time I ask a banker about buying german car company stock - he said VW is a good stock to buy - BMW is a good car to buy --
maybe it is the case here -- I would not ride a Huffy - but if they get Cannondale; there maybe a short term up-tick in the stock - while all the Yuppers are buying huffydales
TREK is not traded I think and neither Pacific - so maybe now Huffy is the only 'bicycle play' left for investors
|They'll make it part of Airborne!!!||Alexx|
Jan 28, 2003 5:26 PM
|Maybe they'll call it an "Airedale"? Woof!|
|... actually, Raddin bought Airborne back from Huffy...||Akirasho|
Jan 28, 2003 5:37 PM
... maybe Airborne will make a stab all by itself??? naaaaaah!
Be the bike.
|Speaking of Huffy...||joekm|
Jan 29, 2003 6:13 AM
|I seem to recall that they purchased Raliegh in the mid-80's, do they still own them? Just curious really.
BTW - I'd be curious to see how Airborne evolves from here. I have a feeling that they will continue to improve.
|Would only a ‘cycling’ company be interested??||JBergland|
Jan 29, 2003 8:58 AM
|I seem to recall seeing/reading about some 'numbers' that gave me the impression that the bicycle side of Cannondale has consistently turned a profit. If this is in fact true, wouldn't any investor/company with the basic knowledge of how to properly run a business be interested?? Cannondale turns a profit... it has the image of being 'American' based... those two things along should have some investors/companies interested!!|| |