Sport Chalet In Play...$16M market cap + $45M in Debt on $350M in Sales...SPCHA/SPCHB
Please anyone from DKS let mgmt know that this is a sickeningly low Insider-takeover offer. Yes, Sport Chalet Sr. Mgmt has locked up a lot of stock including the super-voting SPCHB shares, but a takeover offer at $3+ would raise a few eyebrows. DKS could have made Sport Chalet profitable. Please don't let Sport Chalet Mgmt make a travesty of a low takeover offer!!
Fills in California for DKS and should have been done a LONG time ago. If DKS chooses to pass, Leonard Green & Associates (Sports Authority, Oshmans, Big 5, SportMart) should make a go of it.
Great Luck to all...............