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In the News: Can Huffy survive in bike biz?
From the article:
--------------------------------------------------------- Huffy Corp. has returned to its roots. Since March, the Miamisburg-based sporting goods company has shed three of its divisions and reverted to its original status as a bike company. But the future for Huffy is much more dire today than it was in 1892 when George Huffman made his first bicycle in a Dayton factory. Huffy's stock price has dropped 80 percent from its high last year, and the company has accumulated $80 million in long-term debt, according to information from the company's annual report, filed in March with the U.S. Securities and Exchange Commission. With the recent sale of three of its divisions, Huffy has trimmed much of its revenue base during the past five months. The company earned $437 million in revenue in 2003, 40 percent of which was bicycle-related. Huffy still retains a portion of Gen-X, one of its former divisions. In addition, the New York Stock Exchange put Huffy on official notice July 27 for violating certain listing requirements and now is requiring Huffy to submit a business plan that shows how it will restore its compliance with NYSE. ---------------------------------------------------------- Read the rest at http://dayton.bizjournals.com/dayton...02/story2.html J. Spaceman |
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#2
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In the News: Can Huffy survive in bike biz?
Read the rest at
http://dayton.bizjournals.com/dayton...02/story2.html Weren't the Huffy's LeMond rode in Le Tour, really Serrota's? |
#3
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In the News: Can Huffy survive in bike biz?
"Callistus Valerius" wrote in message ink.net...
Read the rest at http://dayton.bizjournals.com/dayton...02/story2.html Weren't the Huffy's LeMond rode in Le Tour, really Serrota's? Sacre bleu! Boy am I embarrassed by that Huffy tattoo now! /s |
#4
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In the News: Can Huffy survive in bike biz?
In my opinion, huffy isn't really in the bike business, they are in
the toy business. Huffy is based in my home town and they have been suffering for some time. Scott "Callistus Valerius" wrote in message ink.net... Read the rest at http://dayton.bizjournals.com/dayton...02/story2.html Weren't the Huffy's LeMond rode in Le Tour, really Serrota's? |
#5
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In the News: Can Huffy survive in bike biz?
"Jason Spaceman" wrote in message
... From the article: --------------------------------------------------------- Huffy Corp. has returned to its roots. Since March, the Miamisburg-based sporting goods company has shed three of its divisions and reverted to its original status as a bike company. But the future for Huffy is much more dire today than it was in 1892 when George Huffman made his first bicycle in a Dayton factory. snip Despite what many think of Huffy bikes today, it would actually be quite a shame if they did dissappear from the landscape. Personally, I'd rather ride a Huffy than anything currently being sold by Dynacraft or Pacific. I recently sold my old beach cruiser for about what I paid for it (it was a Sears Free Spirit Catalina One but the frame was stamped Huffy) and the folks who have it are extremely pleased with it. How many of us started with Huffys? How many of us had to discover that bike shop bikes really were better? If Huffy (or Murray in their earlier incarnations) hadn't been around, could we have afforded to get into this sport before we had real jobs? --- __o _`\(,_ Cycling is life, (_)/ (_) all the rest, just details. The Nelson Paradigm =^o.o^= http://intergalax.com http://intbike.com Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.729 / Virus Database: 484 - Release Date: 7/27/2004 |
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In the News: Can Huffy survive in bike biz?
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#7
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In the News: Can Huffy survive in bike biz?
Jason Spaceman wrote in message . ..
From the article: --------------------------------------------------------- Huffy Corp. has returned to its roots. Since March, the Miamisburg-based sporting goods company has shed three of its divisions and reverted to its original status as a bike company. [s] I haven't paid much attention to them over the years and haven't much idea what other divisions those would have been (could probably look them up, but it's irrelevent) I've only had one Huffy and it only lasted a year, back in the 70's, at the end it was litterally held together with a wire coat hanger, duct tape and a sheetmetal screw through one of the chainstays (welds were giving out everywhere.) I assume they're box store offerings now. Do they even attempt to make a racing bike anymore? |
#8
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In the News: Can Huffy survive in bike biz?
I started on a $160.00 18 speed Huffy in October 95. By April
96 I killed and dug a grave for it the same day. My next bike was a $300. 820 Trek. After a year on that I move on up to a Trek 6500 at just under $600.00 minus $125.00 trade in. After about two years pedaling that Trek it was on to a GF Wahoo and my building or just upgrading started. Now there 7 bikes and they have there own room but none are Huffy. Proflex,Proflex/K2,K2,Raleigh,Schwinn, GT,and Access. They range from 21 to 27 speed. But none are a Huffy. I MTB 2004 |
#9
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In the News: Can Huffy survive in bike biz?
"Callistus Valerius" wrote in message ink.net...
Read the rest at http://dayton.bizjournals.com/dayton...02/story2.html Weren't the Huffy's LeMond rode in Le Tour, really Serrota's? 7-Elevens "Murrays" were Serrota's. Lemond's "Huffy" was in reality a "Hinault" witch was probobly someone elses bike yet again. |
#10
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In the News: Can Huffy survive in bike biz?
Jason Spaceman wrote:
From the article: --------------------------------------------------------- Huffy Corp. has returned to its roots. Since March, the Miamisburg-based sporting goods company has shed three of its divisions and reverted to its original status as a bike company. But the future for Huffy is much more dire today than it was in 1892 when George Huffman made his first bicycle in a Dayton factory. Huffy's stock price has dropped 80 percent from its high last year, and the company has accumulated $80 million in long-term debt, according to information from the company's annual report, filed in March with the U.S. Securities and Exchange Commission. With the recent sale of three of its divisions, Huffy has trimmed much of its revenue base during the past five months. The company earned $437 million in revenue in 2003, 40 percent of which was bicycle-related. Huffy still retains a portion of Gen-X, one of its former divisions. In addition, the New York Stock Exchange put Huffy on official notice July 27 for violating certain listing requirements and now is requiring Huffy to submit a business plan that shows how it will restore its compliance with NYSE. ---------------------------------------------------------- Read the rest at http://dayton.bizjournals.com/dayton...02/story2.html Sure they can survive. Most people buy junk $100 bikes and that's good enough for them. Huffies are great because they provide lots of business for the LBS mechanics. |
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