Bike Forums

Bike Forums (https://www.bikeforums.net/forum.php)
-   Fifty Plus (50+) (https://www.bikeforums.net/fifty-plus-50/)
-   -   Investor tip? (https://www.bikeforums.net/fifty-plus-50/436332-investor-tip.html)

spoke50 07-02-08 08:12 AM

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?

Jet Travis 07-02-08 08:33 AM

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

spoke50 07-02-08 10:10 AM

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

roadfix 07-02-08 10:38 AM

I'm happy sitting on my no load index funds... :D

Floyd 07-02-08 12:19 PM

Speculation,,,that is what keeps the market going...and volatile, moving, hopefully going up.

Retro Grouch 07-02-08 12:21 PM


Originally Posted by spoke50 (Post 6986556)
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?

spoke50 07-02-08 12:53 PM


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.

Tom Bombadil 07-02-08 02:00 PM


Originally Posted by Jet Travis (Post 6985977)
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.

solveg 07-02-08 02:56 PM


Originally Posted by roadfix (Post 6986753)
I'm happy sitting on my no load index funds... :D

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.

cranky old dude 07-02-08 03:10 PM

I'ld put in my two cents but I spent it on the Stickie thread and now I'm broke. :cry:

cyclinfool 07-02-08 03:13 PM

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.

bkaapcke 07-03-08 11:04 AM

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

LastPlace 07-03-08 02:32 PM


Originally Posted by cyclinfool (Post 6988735)
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.

Garfield Cat 07-03-08 06:33 PM

Can you imagine a group of BF'ers manipulating the price of Cannondale stock?

zonatandem 07-03-08 06:35 PM

If you can't afford to get into the stock market, then don't.
If you're in, stay for the long haul.

John E 07-03-08 07:27 PM

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.

linux_author 07-04-08 02:35 AM


Originally Posted by roadfix (Post 6986753)
I'm happy sitting on my no load index funds... :D

+1

(Vanguard FTW!)

Boudicca 07-04-08 07:09 AM

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.


All times are GMT -6. The time now is 04:28 AM.


Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.