This is why I bought - blowout earnings and no debt (link)
Here is the rest of the article:
Clark said the company has begun working with an outside consulting firm to review its supply chain, logistics and other expense areas and the company expects to see savings in the second half of fiscal 2011.
“We are also working with the consultants to identify opportunities for revenue growth,” Clark said. “With a strong balance sheet that includes no debt, no borrowings on our credit facility and $59 million in cash at year end, we believe we are well positioned to capitalize on growth opportunities in the year ahead.”
In December, sources told Bloomberg that Build-A-Bear was seeking a buyer and has approached private-equity firms.
St. Louis-based Build-A-Bear Workshop Inc. (NYSE: BBW) is a chain of make-your-own stuffed animal stores. At year end 2010 it operated 344 company-owned stores: 290 in North America and 54 in Europe. The company currently operates more than 400 Build-A-Bear stores worldwide, including company-owned stores in the U.S., Puerto Rico, Canada, the United Kingdom and Ireland, and franchise stores in Europe, Asia, Australia, Africa, the Middle East, and Mexico.
Read more: Build-A-Bear posts profit, hires consultant | St. Louis Business Journal