RE: news, and signficant news (imho)The signifigance is not Pacific Cycle company but the company that owns Pacific Cycles.
The Globe and Mail reports in its Saturday, May 29, edition that Dorel Industries expects to generate sales of up to $1.8-billion this year, up from the nearly $1.2-billion it produced in 2003 (all figures U.S.). The Globe's Manufacturing column reports that chief executive officer Martin Schwartz expects 2004 sales of between $1.6-billion and $1.8-billion as the result of three significant acquisitions as well as strong growth in the firm's United States baby products operations. Through acquisitions, Dorel has become a world leader in juvenile products, among the top two North American ready-to-assemble furniture producers and the largest seller of bicycles in the U.S. Mr. Schwartz says, "We've assembled a powerful portfolio of products and brands from car seats to strollers to ready-to-assemble furniture to folding furniture to bikes and we are continuing to gain market share in many of these categories." Looking ahead, Dorel said it is maintaining its current guidance for 2004 of profit per share of between $3.12 to $3.22. Dorel employs about 5,000 people in 14 countries, and sells baby furniture and other baby products, as well as Schwinn and Roadmaster bikes.
Think this may open some doors to other areas of thier business??
Keeper.