Old PSG Wind-Down Ltd PSGLQ

RE:RE:RE:RE:RE:CEO resignation

[hockey1970]

You my friend could be one of the dumbest investors I have met. Do you think this company is soley Bauer. Bauer is a mess, as is easton baseball, Inaria soccer etc. If they were so smart why did they buy easton baseball and then 1yr later buy easton hockey? Go do your homework and stop being another," I live in Canada so I know everything about hockey and the market". You my friend don't.
 

I shorted this dog at 18.50 and got out of it at $11. My only regret is not having the balls to stay in longer and believe in my thesis that this thing is a time bomb. And yeah, I don't like to see people lose money. You are trying to catch a falling knife with this stock and good on you if you do, most don't. 

Its now down 3% the DAY AFTER they annouce they have replaced the CEO. Amir is looking at a debt load that is enormous, an industry where A/R are routinely 90 days late. Go find out what there terms are with Hockey Monkey. Pure hockey and Total hockey are about to collapse, what do you think PSG exposure to that is? They are accounting for one of them not both!

They opened their own stores because they have to keep growth going and retailes couldn't give it to them anymore. The market is about $500M world wide for hockey and Bauer accounts for $150-170 of that. They have been there for 5 years. With all the $$ they spend on marketing etc not one hockey brand has folded in that time frame. They are at their ceiling for growth in hockey. So what do they do, they go and buy brands in markets that are decling!

Anyways good luck with PSG. You seem to be a great supporter. What makes the market the market is that we have opposing views and we both can make money in the same market on the same stock. You just have to have a solid reason as to why are you are doing what you doing and my guess its because you are canadian and know so much about hockey.