Cannondale Corp. (BIKE) Message Board

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Non-Tech : Cannondale Corp. (BIKE)

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To: Marco Polo who wrote (3)	7/2/1997 5:18:00 PM
From: Greg Ballinger	of 103

Benjamin, Looks like your in a good way having gotten in at 18. Closed today at 19 5/16. My money is tied up in other stocks right now. I'll probably join you in BIKE after earnings come out if the price doesn't soar upwards. This is an exciting stock. I look for good things to come this way, provided european sale start up significantly. What will have an impact on that will be race exposure. It's about time an american built bicycle had an impact on the european market traditionally dominated by Italian made steeds. I have also noticed the price of mountain bike starting to climb. I was at my favorite bike shop today and saw a Klein for 4500 bucks. Not too long ago, I was at a Cannondale shop and saw a fully articulated frame for the same price. Knowing a bit about the margins in this area, manufaturers and retailers alike are cleaning up with this technology. The cost of manufacturing these bikes is not that much more than the 500 dollar bikes. Hope they can keep their market share. Good luck...... Greg

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