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Old PSG Wind-Down Ltd PSGLQ

Consumer Cyclical Leisure
"Old PSG Wind-down Ltd designs, develops, manufactures and sells performance sports equipment and related apparel for ice hockey and roller hockey, baseball and softball, lacrosse and soccer. Its brands include BAUER, VAPOR, SUPREME, and NEXUS."


GREY:PSGLQ - Post by User

Old PSG Wind-Down Ltd > The Future of PSG?
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Comment by kennethjwon Jun 15, 2016 4:22pm
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Post# 24968823

RE:RE:RE:RE:RE:The Future of PSG?

RE:RE:RE:RE:RE:The Future of PSG?Impressive Under Armour "lifestyle" studio, thanks for sharing.

All of the big players have their own dedicated shops (UA, Nike, Adidas, etc.) and I think it's a great way for PSG to build brand recognition around Bauer.

However, based on the last earnings call, management noted that they have only opened up 2 Own The Moment stores and the remaining 8 stores will not be rolled out "for a few years".

This is a purdent measure to reduce capex and delever the balance sheet.  At this time, IMO, it's the right call.

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