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Huffy Takes a Fall

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NEW YORK, US – (December 3rd) Huffy shares tumbled last Tuesday after the company revealed its forecast for the fourth quarter. The stock went down some 86 cents, from USD 5.94 – 13%. Reason for this , is the announcement that instead of a 22 cent earning as forecast, the reality will rather be a […]

NEW YORK, US – (December 3rd) Huffy shares tumbled last Tuesday after the company revealed its forecast for the fourth quarter. The stock went down some 86 cents, from USD 5.94 – 13%. Reason for this , is the announcement that instead of a 22 cent earning as forecast, the reality will rather be a 8 – 10 cent loss. The sales view was also lowered from USD 438 million to USD 443 million. Most of this is due the problems Huffy is experiencing integrating the GEN-X company (sports & skating products) they bought in September 2002. It is not likely that this situation will ameliorate in 2004, according to analysts.

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