Yes, BIKE is up a buck or two so far, but I'm not really concerned with the short term here. It may go up, go down, but unless it really rockets up in a short time, I'm not going to be selling my shares until the market is valuing Cannondale at what it's worth. And that's a lot more than $175 million.
As far as Cannondale's market share, I think we both know that Cannondale isn't concerned with keeping their market share at this point. The concern is how much they can increase it. :)
Just think, all those Euros over there still riding that thin steel junk. Even Greg LeMond still subscribes to the "steel is real" crappola. Aluminum is actually only third in the road bike market, but gaining every year. If the mountain bike line just holds constant (and they will probably continue to gain), BIKE will benefit from the increased roadie sales as more cyclists switch to aluminum frames (most of these will want 6000-series, and Cannondale dominates in this market as we both know).
I wish you were in this one with me, but if your money is tied up, it's tied up. It's kind of strange that I haven't heard anyone else on here say they own BIKE yet. I'm sure there must be someone... |
