Yeah, that's a good start. For what t's worth, I see traces of only 5 letters, but on account of the spacing I'm thinking 6 letters is more likely.
1 possibly V.
2 definitely A.
3 E or L.
4 B or D, I don't like G so much
5 ugh!
6 I can't see it, but I can sense it.
I was thinking F-R-E-
Then, bottom of a stylized G??? or Y? (wtf? There goes my "J")
Then maybe a P
something else in the 6th spot.
I was hoping for an easy "Frejus," and they do have stylized letters with extra lines above and below, but I see none on the internet that are close.
It's probably just an old schwinn collegiate
I don't know what it is