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Strategies & Market Trends : Value Investing
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To: peter michaelson who wrote (11106)9/2/2000 9:17:54 PM
From: peter michaelson   of 78740
 
Found this commentary on Yahoo Board.

In the golf apparel industry it is not uncommon to have 6 months inventory on hand. There are basically two seasons for the product, spring and fall (some others, mostly high end do a holiday line). Most of the product is produced for the merchandiser overseas (typically pacific rim and india) to his specs and they purchase what they think they need for the season. The product gets delivered by boat for the lowest prices. You don't want to get to midseason and have to order 5000 pieces to fill an order, first of all it takes two months to get here and it's too late or you fly it in and it costs you an extra $2.00 per.

messages.yahoo.com

And here is another find-
DENVER, April 5
/PRNewswire/ -- Sport-Haley, Inc. (Nasdaq: SPOR; PCX: SHY),
announced today that it is agreed to extend the due diligence period with a potential acquirer through April 16, 1999. The extension was requested by the potential acquirer in order to allow completion of due diligence
and documentation. Pricing terms have not yet been agreed upon between Sport-Haley and the potential acquirer. A further announcement will be made at such time as pricing and other terms are agreed upon.

there was quite a bit of yahooligan dissatisfaction over the failure to name a potential buyer. Accusations of insider manipulation.
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