Re: Orvis to Acquire the Scientific Anglers and Ross Reels Businesses from 3M
Fred- I have been watching this also.
I haven't seen any of my trade publications in a couple of months...They have been on the block for a bit as you mentioned.
From what i understand, most of the issues where management. There sales looked strong. My thoughts are, the major problem has to be cash flow and lack of cross collateralization.(sp?)
I am still digesting the Orvis situation. I am hoping this isnt the start of a trend.
NOT a big fan of Orvis, except for the great things they do on the conservation side.