Gas Bike MarginsI agree disapointing news. We'll have to reassess our valuations on this one.
The articles says: "The company reaffirms its previously stated guidance to sell 260,000 units in 2008, however, small gas bikes are expected to represent the majority of sales, while e-bikes are expected to represent less than 30 per cent of total unit sales"
Does anyone have an idea what the margins are like for the small gas (below 50cc) bikes?