On Sunday, November 18, 2018 at 4:11:27 PM UTC-8, jbeattie wrote:
On Sunday, November 18, 2018 at 2:57:48 PM UTC-8, Sepp Ruf wrote:
jbeattie wrote:
Oh well: https://www.bicycleretailer.com/indu...1#.W_HVJ-hKjIU

What else did you expect? It's still the same CEO who clumsily mismanaged
his side of the Cafe Roubaix PR debacle AND eg he is married to a lawyer
politician Democrat:
https://www.bicycleretailer.com/industry-news/2018/11/07/races-interest-bike-world-dean-wins-and-nothstein-loses-pennsylvania

Huh? Specialized was the instigator of the Cafe Roubaix "debacle" and ASI stepped in and pushed back as the licensee of the "Roubaix" trademark. https://www.bikeworldnews.com/2013/1...rms-asi-steps/

ASI tied its future to a rock and then jumped into the water -- and from what I can tell, so did some other creditors who became equity owners of Performance. They obviously thought they could get the bland Performance business model to work, which they couldn't -- maybe because they were under capitalized, Cunnane's complaint in the BRAIN article.

I'm not seeing a lot of mismanagement except ASI's failure to police its AR with Performance -- although it probably couldn't cut-off its largest retailer. I suppose buying Performance was its only option to keep Fuji afloat, but I certainly don't know. Anyway, ASI purchased a beaten down, debt-ridden asset and couldn't make it cash flow. Same old same old, minus the casinos.

-- Jay Beattie.

I think that the business model was flawed when they essentially tied their future to bicycle sales and not the component model of Nashbar. There were enough local Performance stores that all they had to do was provide instant service at competitive prices of components. I stopped buying from Performance when they started selling things like innertubes that were 19-26 mm and 27-32 mm. Though their prices were really good and I would stop in when I was low on tubes and get a handful.