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.
----------------------------------------------------------

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http://dayton.bizjournals.com/dayton...02/story2.html





J. Spaceman

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Weren't the Huffy's LeMond rode in Le Tour, really Serrota's?

"Callistus Valerius" wrote in message ink.net...
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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

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...
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Weren't the Huffy's LeMond rode in Le Tour, really Serrota's?

"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?



---
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_`\(,_ 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

In article ,
says...
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?



My first bike was a Peugeot, bought at the Canadian PX in Lahr. So my
first bike was French, bought tax-free from Canadians, in Deutschmarks
at a base in Germany. Oh those wacky 70s...

Bruce

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?

"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.

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.

In article ,
(supabonbon) wrote:

"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

Well, if it's on your ass, then you don't have to worry too much about
what (too many) others think...

--
tanx,
Howard

So far, so good, so what?

remove YOUR SHOES to reply, ok?