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.
>>> 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?
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.