Publicly traded bike companies?
 

With the rise of energy costs, I think over the next couple of years, as people begin to realize the potential utilitarian benefits of the bicycle, that bike companies (and related components, helmets, clothing, etc) will reap huge profits. Does anyone know of a list of ticker symbols of public bike companies?

bikeq, still not a value at three cents. ;)

I would have expected the makers of hands free kits to go up in the last month considering the number of cell phones in California :D

no penny stocks, please ;)

No kidding. I think I saw as many bluetooth headsets on the ears of people today, as I did all of last year.

Really? I expected 9 out of 10 people to just disregard the law.

Anyway, back on topic, I learned by working for a fortune 500 company that stock values don't always reflect sales or even profits. Not sure why (I thought that was the whole point) but that's how it works now.

Isn't Cannondale publicly traded? I remember hearing about LeBron James buying up a lot of stock.

I don't know any public bike companies but I think you'll make more money buying oil stocks. Making money in the bike business is still a crapshoot. There isn't a lot of opportunity for revolutionary innovations in bikes as pretty much any bike designed in the last 20 years is perfectly functional for exercising or commuting. Without the ability to protect proprietary designs the only opportunity for companies to differentiate themselves is through sales & marketing. Not a good formula for making money.

Greg

I doubt there are huge gains to be made in these securities. People have become to lazy. Also, the bike industry feels the "oil pinch" as much as anybody. So, while sales may benefit a little, the effect of higher input costs would more than offset it.

Dorel Industries Inc
DIIB:TSX Schwab Equity Rating (data as of 6/27/2008)

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9:18 am June 26, 2008 Dorel Industries Inc.'s (DIIB, C$29.35, -C$0.08, -0.3%) has acquired a U.S. bicycle-part, helmet and accessory maker for $28.1 million. Gennum Corp. (GND.T, C$9.25, C$0.15, 1.6%) swung to a second-quarter ... More
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I would rather put venture capital toward a new company who has the aim of revolutionizing the commuting industry (however that may happen)

People are actually buying oil right now as a hedge against currency risk :eek: Who'd have thunk that!

There's lotsa crap on sale right now...especially enticing are prospects in the small cap/value areas. The question you have to ask is what conglomerates own Trek, Schwinn, C-dale? Those guys are going to bank if people start buying more bikes, and you'll see the reward.

Actually, the prices reflect what's already known - so when the law was announced, the anticipation of more users of the headsets would have been priced in then rather than one month ago.

Here is another take on the industry prospects. A great shift has to be made, especially in the USA, with how cycling is looked at. Currently it is not a real mode of transportation for most. Just a recreation or sport, or fitness method. In very few places people actually "want" to commute by bicycle.

Mechanic at my LBS summed it up today saying the mid and high end has been dead because folks just are not spending money on stuff they don't really need. The other issue is that in the USA things are just too spread out.

Our Congress energy policy is to pass a law to sue OPEC and ***** at Exxon. Hardly think they have the brass ones to declare a Manhattan Project for bike paths and a tax credit to ride a bike.

Poor investment prospects right now in my opinion but you might find a selected company that does well as you can in almost any sector.

You might try checking the Hong Kong, Paris, or London exchanges. Also, companies that make stuff for a portion of the bike industry like Michelin or Continental might be an option. Of course the bike related component of those companies is so small that they could totally tank and it wouldn't affect the stock at all.