Amadeo, I check alda periodically. Quite frankly I was disappointed with its price action and sold earlier. Right now I see little downside risk but I do not expect it to pop either. The company periodically buys back its stock in the 4 - 4.5 range which should act
as a buffer. The major risk it faces is getting its carbon fiber plant on line next yr.
The technicals have actually improved recently - to the point of a weak buy signal. From the past 2 years price action I regard it as a seasonal play, buying in the early winter and playing the pop in late Jan/early Feb golf show.
Re. news see below:
Monday March 24 9:19 AM EDT
Aldila names Michael J. Rossi vice president, sales and
marketing of Aldila Golf
SAN DIEGO--(BUSINESS WIRE)--March 24, 1997-- Aldila Inc , the nation's foremost
manufacturer of graphite golf club shafts, today announced that Michael J. Rossi has joined its core
golf operation, Aldila Golf, as vice president, sales and marketing.
"We are pleased to welcome Michael Rossi to this key position on our management team," said
Peter R. Mathewson, president and chief operating officer of Aldila Golf. "He brings over 20 years
of golf experience to our company, most recently with Fujikura Composite America, Vista,
California, where as vice president and general manager he was responsible for proprietary OEM
customers worldwide. Rossi also supervised the company's manufacturing facility."
Before joining Fujikura in 1994, Rossi spent 16 years with the True Temper Sports division of
Black and Decker, most recently as vice president, sales and marketing. His prior responsibilities at
True Temper included the establishment of a PGA Tour program, supervision of customer service
activities and OEM customers worldwide, and accountability for Australian, European and
Japanese sales offices as well as American aftermarket accounts. Rossi began his career in the golf
industry as a sales representative for the footwear and apparel manufacturer, ETONIC.
He received a BBA in Marketing from Oklahoma University and was a four-year letterman on the
school's golf team. He also studied finance and accounting at Wharton School of Business.
Currently, Rossi is a Board member of the Golf Manufacturing Distributors Association.
Aldila designs, manufactures and markets graphite golf shafts used in clubs assembled and
manufactured throughout the world by the leading golf club companies, pro shops and repair shops.
CONTACT: Aldila Inc.
Robert J. Cierzan
Mary Lou Coburn
619/592-0404
or
Sard Verbinnen & Co.
Anna Cordasco/Nancy Israel
212/687-8080 |
