Drakes,
<<It's no wonder why they ended up doing this backdoor secondary, highly unlikely they could have gotten a traditional secondary done.>>
Even if a traditional secondary happened, the secondary's price would probably be around 8 to 12. This is the best financial scheme I've seen yet, making discount prefers look tame and admirable.
<<PS: It'll also be worth watching the insider sale activity once the window opens up after earnings. On 9/15/98 DLIA repriced most of the outstanding stock options, they now have 2,618,445 out there with a weighted strike of $6.49. DBCC insiders showed up with their selling shoes on once the MKTW spin-off was completed, will probably see the same thing here. >>
If you were an insider, would you not sell at this price? Greed and morality aside, selling now just makes good monetary sense.
Lastly, There is nothing more fickle, faddish and instantly obsoleted than the ever changing taste of teenager, girls in particular. What is all the rage today is tomorrows item of shame. This concept, however, works both ways. The teens are constantly on the prowl for the latest craze, fueling sales of the next fashion flurry. Yesterday's inventory is outdated and can't even be given away. There would be little if any market for obsolete inventory, since the fashion taste of non generation Y-ers have different taste.
DO you remember a company called Merry-Go-Around? MGR sold girls clothing, targeting teens. They went BK years ago. The MGR symbol is no longer valid.
Further rambling. Before the IPO of TURF, I can see people buying DLIA as a way of getting a piece of TURF and riding the train up. Now that the 2 companies trade seperatly, why would anybody buy DLIA, instead of TURF.
chester
chester |
