Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » DANS...being bought out by ICON!!! (Page 1)

 - UBBFriend: Email this page to someone!   This topic comprises 6 pages: 1  2  3  4  5  6   
Author Topic: DANS...being bought out by ICON!!!
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
ICON -- Iconix Brand Group, Inc.
Com ($0.001)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Iconix Brand Group Announces Definitive Agreement to Purchase Danskin(R) Brand

NEW YORK, Feb 22, 2007 /PRNewswire-FirstCall via COMTEX/ -- Iconix Brand Group, Inc. (Nasdaq: ICON) ("Iconix" or the "Company") today announced that it has entered into a definitive agreement to purchase the brand Danskin(R) from Danskin, Inc. ("Seller" or "Danskin"). The transaction is anticipated to close in March 2007.
Danskin is a 125 year-old iconic brand of women's active wear, leg wear, dance wear, yoga apparel and fitness equipment. The brand is sold through better department, specialty and sporting goods stores, and through fifteen freestanding Danskin boutiques and Danskin.com. Danskin also has a partnership with Wal-Mart Stores for its "Danskin Now (R)" brand of apparel and fitness equipment.

The purchase price for the transaction will be $70 million with a contingent payment of an additional $15 million, payable in cash or stock, triggered by the brand exceeding certain revenue and performance targets. The acquisition will be self-funded from the Company's cash reserves.

Iconix has also announced that, as of the closing, it will enter into a license agreement with the Seller, to continue to operate the Danskin(R) wholesale business including the freestanding retail stores. Carol Hochman, President and CEO of Danskin, and her team will continue as Iconix's licensee to grow the Danskin department and sporting goods store business.

Neil Cole, Chairman and CEO of Iconix commented, "Danskin is one of the most established and recognized active wear brands in the world and we are thrilled to add it to our portfolio and to be partnering with Carol and her team as our licensee. Upon closing, this acquisition will further our diversification strategy by giving us a strong presence in the rapidly growing active wear, yoga and fitness market. We are also excited to have the opportunity to work with Wal-Mart on 'Danskin Now(R).'"

Carol Hochman, CEO of Danskin commented, "We have made a lot of progress expanding this great brand and implementing our multi-channel distribution strategy but the missing ingredient has been the marketing strategy and investment needed to complete our vision. The Iconix team has exciting plans for Danskin(R) and I am looking forward to working closely with them to grow the business."

Additional details of the Danskin acquisition will be addressed on the Company's fourth quarter and 2006 year end earnings conference call scheduled for Tuesday March 6, 2007 at 10:00 am EST. The transaction is subject to customary closing conditions including clearance under the Hart-Scott-Rodino Anti Trust Improvements Act of 1976 as amended and Danskin stockholder approval.

Iconix Brand Group Inc. (Nasdaq: ICON - News) owns, licenses and markets a growing portfolio of consumer brands including CANDIE'S (R), BONGO (R), BADGLEY MISCHKA (R), JOE BOXER (R), RAMPAGE (R), MUDD (R), LONDON FOG (R), MOSSIMO (R) and OCEAN PACIFIC (R). The Company licenses it brands to a network of leading retailers and manufacturers that touch every major segment of retail distribution from the luxury market to the mass market in both the U.S. and around the world. Iconix, through its in-house advertising, promotion and public relations agency, markets its brands to continually drive greater consumer awareness and equity.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. The statements that are not historical facts contained in this press release are forward looking statements that involve a number of known and unknown risks, uncertainties and other factors, all of which are difficult or impossible to predict and many of which are beyond the control of the Company, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, uncertainty regarding the results of the Company's acquisition of additional licenses, continued market acceptance of current products and the ability to successfully develop and market new products particularly in light of rapidly changing fashion trends, the impact of supply and manufacturing constraints or difficulties relating to the Company's licensees' dependence on foreign manufacturers and suppliers, uncertainties relating to customer plans and commitments, the ability of licensees to successfully market and sell branded products, competition, uncertainties relating to economic conditions in the markets in which the Company operates, the ability to hire and retain key personnel, the ability to obtain capital if required, the risks of litigation and regulatory proceedings, the risks of uncertainty of trademark protection, the uncertainty of marketing and licensing acquired trademarks and other risks detailed in the Company's SEC filings. The words "believe," "anticipate," "expect," "confident," "project," provide "guidance" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date the statement was made.


Contact: David Conn
Executive Vice President
Iconix Brand Group
212.730.0030

Joseph Teklits
Integrated Corporate Relations
203.682.8200

SOURCE Iconix Brand Group, Inc.

CONTACT: David Conn, Executive Vice President, Iconix Brand Group, +1-212-730-0030; Joseph
Teklits, Integrated Corporate Relations, +1-203-682-8200, for Iconix Brand Group,
Inc.

URL: http://iconixbrand.com
http://www.Danskin.com
http://www.prnewswire.com
www.prnewswire.com

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
ICONS current pps is $22.48!!

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
10of13
Member


Icon 1 posted      Profile for 10of13     Send New Private Message       Edit/Delete Post   Reply With Quote 
This is frickin' unreal... [Big Grin]

--------------------
#1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!

Posts: 8890 | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by 10of13:
This is frickin' unreal... [Big Grin]

What it only moves in .10 increments!!! LOL

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
thesource
Member


Rate Member
Icon 1 posted      Profile for thesource     Send New Private Message       Edit/Delete Post   Reply With Quote 
Too bad I wasn't in on that one ............

--------------------
----- Game Over -----

Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006  |  IP: Logged | Report this post to a Moderator
Fuzzy1018
Member


Rate Member
Icon 1 posted      Profile for Fuzzy1018     Send New Private Message       Edit/Delete Post   Reply With Quote 
lets break that HOD at .40
Posts: 4071 | Registered: Dec 2005  |  IP: Logged | Report this post to a Moderator
NEL
Member


Icon 1 posted      Profile for NEL     Send New Private Message       Edit/Delete Post   Reply With Quote 
1650% OH MY...
Posts: 942 | From: Wisconsin | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
Here we go again. NEXT LEG UP!!

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
thesource
Member


Rate Member
Icon 1 posted      Profile for thesource     Send New Private Message       Edit/Delete Post   Reply With Quote 
I might jump in for a couple of thousand myself .

--------------------
----- Game Over -----

Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by thesource:
I might jump in for a couple of thousand myself .

They've tightened up the spread. Looks real good. Might be up a 1200%, but this company is accually REAL, can't say that about to many pinks. The fact that ICON has pr'd this themselves, seals the deal for me. Their a freakin NASDAQ company!!

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
10of13
Member


Icon 1 posted      Profile for 10of13     Send New Private Message       Edit/Delete Post   Reply With Quote 
Yeah..I like the fact that ICON made the PR also...But what I am wondering is how this would work? Would it be a merger? Would DANS shares become ICON shares? Or would it continue to trade as DANS and not much change?

--------------------
#1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!

Posts: 8890 | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
thesource
Member


Rate Member
Icon 1 posted      Profile for thesource     Send New Private Message       Edit/Delete Post   Reply With Quote 
Come back down to .25 so I can jump in !!!! I'm not going to chase this thing .

--------------------
----- Game Over -----

Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
From this line in the PR, it sounds like a straight up buyout! ICON will continue to sell the Danskin product under that name, but they will be in control of the company. Waiting for a call back, but I think I'll just try and call again.


Iconix has also announced that, as of the closing, it will enter into a license agreement with the Seller, to continue to operate the Danskin(R) wholesale business including the freestanding retail stores. Carol Hochman, President and CEO of Danskin, and her team will continue as Iconix's licensee to grow the Danskin department and sporting goods store business.

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by thesource:
Come back down to .25 so I can jump in !!!! I'm not going to chase this thing .

If it comes down to .25, I have a chunk of money WAITING!!

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
10of13
Member


Icon 1 posted      Profile for 10of13     Send New Private Message       Edit/Delete Post   Reply With Quote 
Cassity...I know that you don't like to but will you post the phone call? Thanks!

--------------------
#1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!

Posts: 8890 | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by 10of13:
Cassity...I know that you don't like to but will you post the phone call? Thanks!

YEP! [Smile]

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
Jo4321
Member


Icon 1 posted      Profile for Jo4321     Send New Private Message       Edit/Delete Post   Reply With Quote 
Good luck on getting in at .25, they partial filled me there for only 450 shares.

Jo

--------------------
"Great Day for Up!"....Dr. Seuss

Posts: 3387 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
thesource
Member


Rate Member
Icon 1 posted      Profile for thesource     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by Jo4321:
Good luck on getting in at .25, they partial filled me there for only 450 shares.

Jo

Who do you trade through ?

I think we will have some profit taking again before the day is over .

--------------------
----- Game Over -----

Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006  |  IP: Logged | Report this post to a Moderator
Jo4321
Member


Icon 1 posted      Profile for Jo4321     Send New Private Message       Edit/Delete Post   Reply With Quote 
Fidelity.

--------------------
"Great Day for Up!"....Dr. Seuss

Posts: 3387 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by Jo4321:
Good luck on getting in at .25, they partial filled me there for only 450 shares.

Jo

Very difficult to get shares, wait until the word gets out!!

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
SherriT
Member


Member Rated:
4
Icon 1 posted      Profile for SherriT     Send New Private Message       Edit/Delete Post   Reply With Quote 
OK gang - let's pick a thread [Big Grin] This one, or the over .11

--------------------
Study before you buy, Sell before you think about it....

Posts: 3903 | From: Gulf Coast | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
Jo4321
Member


Icon 1 posted      Profile for Jo4321     Send New Private Message       Edit/Delete Post   Reply With Quote 
LOL! Well, it IS a HOT stock!

--------------------
"Great Day for Up!"....Dr. Seuss

Posts: 3387 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
a surfer
Member


Member Rated:
4
Icon 1 posted      Profile for a surfer     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by thesource:
quote:
Originally posted by Jo4321:
Good luck on getting in at .25, they partial filled me there for only 450 shares.

Jo

Who do you trade through ?

I think we will have some profit taking again before the day is over .

90+% of the buys are above .20- .25 there is not much in the way of profits yet.

only a handful got in early (under.10) and I would assume they are gone already.

My uneducated guess is this closes near HOD at .35-.40

Posts: 6409 | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
thesource
Member


Rate Member
Icon 1 posted      Profile for thesource     Send New Private Message       Edit/Delete Post   Reply With Quote 
I'll take the wait and see approach . Everytime I chase the market , I get burned .

--------------------
----- Game Over -----

Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
Well I have another buy in at .26 and it's gonna be awhile. News is spreading like wild fire. IHUB is all over this!!

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
10of13
Member


Icon 1 posted      Profile for 10of13     Send New Private Message       Edit/Delete Post   Reply With Quote 
This was posted by fuzzy
Fuzzy1018
Member


Member Rated:
posted February 22, 2007 01:03 PM
--------------------------------------------------------------------------------
Posted by: MrTrendGreen
In reply to: None Date:2/22/2007 12:56:52 PM
Post #of 91

Ok check out this Danskin and Iconix comparision./

Here is the last revs for Danskin in the last filing they had./

FinancialsQ3 (09/02)
Total Revenue $23.21M
Net Income $.25M

Ok now check out this filing from Iconix that is TRADING AT 22.92 a share!/

FinancialsQ3 (09/06)
Total Revenue $22.11M
Net Income $7.95M
EPS $.18

Danskin earned more revenue in 2002 than Iconix earned in 2006!!! Danskin has only INCREASED their market share in ladie's clothing since then, so could they make more than Iconix that is TRADING AT 22.92 a share?! Not sure but I see Danskin all over the place (WalMart, JcPenney, Dilliards, etc) and I am sure glad I bought in today!

--------------------
#1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!

Posts: 8890 | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
L2's look great!!

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
Guy from ICON called me back! but he said I need to contact Danskin!

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
PCola77
Member


Member Rated:
4
Icon 1 posted      Profile for PCola77     Send New Private Message       Edit/Delete Post   Reply With Quote 
is anyone in this one that wasn't in CSHD? That's keeping me from buying [Wink]
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
Good their closing the gap between the bid and ask!!

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
SherriT
Member


Member Rated:
4
Icon 1 posted      Profile for SherriT     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by PCola77:
is anyone in this one that wasn't in CSHD? That's keeping me from buying [Wink]

LOL! Funny ha ha PCola....you have to give newbies a break for not smelling that one a mile away - still had plenty of opportunities to make money on it!

--------------------
Study before you buy, Sell before you think about it....

Posts: 3903 | From: Gulf Coast | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
a surfer
Member


Member Rated:
4
Icon 1 posted      Profile for a surfer     Send New Private Message       Edit/Delete Post   Reply With Quote 
I am waiting for .05 then I will buy some.
Posts: 6409 | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
cassity
Member


Rate Member
Icon 1 posted      Profile for cassity     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by a surfer:
I am waiting for .05 then I will buy some.

Smart ass!!

--------------------
www.air1.com

www.klove.com

-Cassity

Posts: 2754 | From: Utah | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
PCola77
Member


Member Rated:
4
Icon 1 posted      Profile for PCola77     Send New Private Message       Edit/Delete Post   Reply With Quote 
I was just glancing through this post and saw that every name seemed to ring a bell from the CSHD thread. Hope you guys end up winners in this one [Smile]

quote:
Originally posted by SherriT:
quote:
Originally posted by PCola77:
is anyone in this one that wasn't in CSHD? That's keeping me from buying [Wink]

LOL! Funny ha ha PCola....you have to give newbies a break for not smelling that one a mile away - still had plenty of opportunities to make money on it!

Posts: 5508 | From: Southeastern PA | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
Jenna
Member


Member Rated:
4
Icon 1 posted      Profile for Jenna     Send New Private Message       Edit/Delete Post   Reply With Quote 
Wow- lots of familiar names in this one.....

Hi All!!

--------------------
..just remember....Family is EVERYTHING!!

Posts: 3944 | From: Rochester, NY | Registered: Sep 2006  |  IP: Logged | Report this post to a Moderator
  This topic comprises 6 pages: 1  2  3  4  5  6   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2018 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share