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.