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I've been accumulating CML for awhile based on the their having shed the bad businessses they were in and holding two very strong brands in growing markets Nordic Trak and Smith and Hawken. I spoke to the company about disappointing 2 quarter results. They say they have some poor selling Nordic Trak products which dragged them down. They have new stuff just taking off but not enough to have helped this quarter, 10 weeks inventory to get out on the bad stuff then no more. S&H doing just fine and now in its 2 best quarters. Wisconsin Pension Fund is in for a significant piece-they are good at buying near bottoms and reaping the harvest. Merrill Lynch funds are also big holders. The two groups own 30-35%. Any one have any thoughts on this. I'm still a buyer even though the stock is down to 2 3/8 today. They have no debt and 34 million or so in cash Ken Ludwig |
