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Non-Tech : RIDE Snowboards (RIDE)
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To: Greed Is Good who wrote (35)12/27/1997 10:08:00 PM
From: Eric Kennedy  Read Replies (1) of 91
 
The fact that RIDE used stock for the deal does not _necessarily_ mean that the company does not value it stock much. Microsoft almost always uses its stock for acquisitions... In a stock trade like that for the wakeboard company--a "pooling of interests"--RIDE will restate its previous results such that it looks like the wakeboard company was always a part of RIDE. That can help, but a more important reason to do a "pooling of interests" merger is that it avoids the depreciation on "goodwill"--the amount paid for a company in excess of its assets--which can be a real slug on a balance sheet.

On a different note, do you think the El Nino will affect snowboarding? Has the glut of inventory finally ended?

I feel you pain,

Eric Kennedy
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