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Old 07-02-08, 08:12 AM   #1
spoke50
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Investor tip?

http://www.al.com/news/birminghamnew...840.xml&coll=2

I lost a chunk of money on Cannondale (sym:bikeq) several years ago when I banked on them going into the motorcycle bussiness. The venture failed and now the stock is still sitting there at .05 a share. Maybe it's time to jump back into it.

You guy's know of any other cycle stocks out there?
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Old 07-02-08, 08:33 AM   #2
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Don't know about other cycle stocks, but I just checked out Cannondale. In the past month the stock has gone from .03 a share to .08 back to .03. Might be interesting to keep an eye on. I'd love to buy 100 shares for $3 and feel like a real tycoon.

http://finance.google.com/finance/hi...al?q=OTC:BIKEQ

Giant (the world's largest bicycle maker) might be worth looking into:

http://www.bloomberg.com/apps/quote?ticker=9921%3ATT
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Old 07-02-08, 10:10 AM   #3
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I didn't realize Giant had gone public. They seem to be on the up and up. I see they plan on opening quite a few stand alone stores in the near future too. Trading on the TWSE:9921
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Old 07-02-08, 10:38 AM   #4
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I'm happy sitting on my no load index funds...
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Old 07-02-08, 12:19 PM   #5
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Speculation,,,that is what keeps the market going...and volatile, moving, hopefully going up.
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Old 07-02-08, 12:21 PM   #6
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I didn't realize Giant had gone public. They seem to be on the up and up. I see they plan on opening quite a few stand alone stores in the near future too. Trading on the TWSE:9921
That's interesting. Do you suppose they are buying into the Specialized and Trek business model?
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Old 07-02-08, 12:53 PM   #7
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That's interesting. Do you suppose they are buying into the Specialized and Trek business model?
It seems like I read in another thread that Specialized was testing the "Our brand only" stradegy. I'm not sure that would work in most markets, but how would I know.
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Old 07-02-08, 02:00 PM   #8
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Don't know about other cycle stocks, but I just checked out Cannondale. In the past month the stock has gone from .03 a share to .08 back to .03. Might be interesting to keep an eye on. I'd love to buy 100 shares for $3 and feel like a real tycoon.
Buy a thousand shares, then stop by a Cannondale dealership to browse around. When they ask if they can help you, tell them no, that you are just stopping by to check up on your company.
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Old 07-02-08, 02:56 PM   #9
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I'm happy sitting on my no load index funds...
Happy? Even with index funds, it's been pretty hard to be happy in the market lately. I started today 2% high and was glad for the break. I ended the day 2% down.
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Old 07-02-08, 03:10 PM   #10
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I'ld put in my two cents but I spent it on the Stickie thread and now I'm broke.
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Old 07-02-08, 03:13 PM   #11
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I bought Nortel before the big crash - if I had used the money to buy beer and cashed int he bottle return I would have been better off and been able to drink a lot of beer.
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Old 07-03-08, 11:04 AM   #12
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There is too lmuch competition in the bike industry for any real growth to occur. With the gas price problem, all bike mfr'rs will have a good year. So will LBS's. But sustained growth requires getting a larger and larger share of the market. I just don't see any one company getting way ahead on market penetration. There are a lot of good bike builders out there. bk
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Old 07-03-08, 02:32 PM   #13
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I bought Nortel before the big crash - if I had used the money to buy beer and cashed int he bottle return I would have been better off and been able to drink a lot of beer.

A 'STOP' or 'STOP LOSS' can be a life saver. Besides, you don't really buy beer.....you just lease it.
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Old 07-03-08, 06:33 PM   #14
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Can you imagine a group of BF'ers manipulating the price of Cannondale stock?
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Old 07-03-08, 06:35 PM   #15
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If you can't afford to get into the stock market, then don't.
If you're in, stay for the long haul.
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Old 07-03-08, 07:27 PM   #16
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No bicycle stocks here, but plenty of oil and gas, plus some defense, coal, copper, blue chips, and a dash of high tech. I have a few low-cost mutual funds, as well, but I generally prefer to own individual stocks, partly so that I can vote my proxies.
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Old 07-04-08, 02:35 AM   #17
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I'm happy sitting on my no load index funds...
+1

(Vanguard FTW!)
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Old 07-04-08, 07:09 AM   #18
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Canondale is now owned by Canadian company Dorel whose stock barely trades. They are pretty closely held -- family "insiders" hold some 80 percent of the company anyway.
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