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Heelys, Inc. Message Board

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  • bottomsupinvestor bottomsupinvestor Aug 21, 2008 10:32 AM Flag

    Sketchy math

    Five and a quarter ... and if it wasn't for the Sketchers offer it would be lower. A wilting domestic business and an international business in a slowing Europe and strenthening dollar doesn't provide much excitement. It would be a good fit since Sketchers has the international network to make it work but I hope they forget about it and continue to manage their business well.

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    • >>> Five and a quarter ... and if it wasn't for the Sketchers >>> offer it would be lower.

      You don't get it. Sketchers only made the offer at this level because they valued Heelys as worth more. In other words, there is a market price for Heelys and Sketchers offer is (or was) that market price. Do you think you know better?

      • 1 Reply to hlys_x
      • Heelys is only worth more to one entity ... and that is SKX because they can integrate it into their organization. As a stand alone company, Heelys is not worth much differently from where it is now. It will flounder for a few years with some glimmers of hope here and there until it is out of existance or in dire straits in five years.

 

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