posted
This company, considering their history, and what is to come in March, I can only see a PPS explosion over the next year. i am not a shareholder, but wish I was and the best of luck to those who bought at lower levels, and even at levels such as the parameters that existed today. Very undervalued, and considering that they will continue to operate as Dansskin, it will be a good buy anytime. However, knowing they way the MM's like to play their games in Pennyland cuz the cops aren't watching them so much as they are on the big boards, they can and may drive the price down to lower levels than we saw today, simply knowing that because the acquisition hasn't taken place yet, they will have a chance to make more money until then. Just my opinion, but I will become a shareholder before the acquisition takes place indeed, for the long term.
posted
Fortunately I have some tings to watch with INXR and PLYCF, both I got in at the bottom, but it is sure exciting seeing the lot of you make some mulah. Like I said, if the F)(#&*%$^#)*$$ wholly MM"S bring the share price down to a lower level I will get in. Until then, the charts are a little iffy (being that you can't find much technicals) This is the best I got http://www.profitspi.com/stock-chart.aspx?id=DANS&ca=1862225448 anybody that has something better, please feel free...nonetheless...all too exciting. great job cassity for a quick and decisive profit!
posted
I wouldn't sweat it yet , I think there's some more in this . WHy would ICON buy out DANS for 70 million if they didn't think they were getting a better deal ? If you look back , they have a history of buying out other companies . They must be doing something right to still be in business all these years and trading on the big board as well .........
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
| IP: Logged |
posted
IMO..this may be a good deal...yesterdays price jump? WAAAYYY to much too fast! It will go down...(sorry Jenna)..but I also think that it will creep back up..AND possibly move above it... The "fast and high" gains came yesterday...after it settles..it may actually be a very good investment/hold... Good luck guys...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
Maybe if you're talking about stocks you're holding long term like big board stocks, but not keeping an eye on theses stocks is a death wish. In the span of minutes your stock could drop 75%, or you could miss the opportunity to sell at multi bags. You HAVE to watch these stocks every minute.
quote:Originally posted by oldblue2: Jenna i find the key is to not watch the stock as it will drive you crazy
stocks pray on your emotions but if your not watching then theres no emotion
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by thesource: I wouldn't sweat it yet , I think there's some more in this . WHy would ICON buy out DANS for 70 million if they didn't think they were getting a better deal ? If you look back , they have a history of buying out other companies . They must be doing something right to still be in business all these years and trading on the big board as well .........
I've been watching this. Haven't got in yet but IMO there seems to be a misconception of what is happening here. ICON is not buying out merging or anything else with DANS. They bought DANS Intellectual Property which in turn they are licensing back to DANS who will continue to operate storefronts and ecommerce. Seems like a very sweet deal for DANS. The one thing that is holding me back the most about buying is the uncertain share structure. Nothing has been updated about that since 2002 and the company will not divulge any information on it. Seems to trade like a low float but I just don't know.
Still watching and might try some if it retraces further. Definately on m radar.
Good Luck
Jenna, 10, Source, Pcola and everyone else in this one.
Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
posted
SO we are both Voyuers? Well nice to have some company while I'm peeping. Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by Jo4321: I guess you guys slow down and rubber-neck at traffic accidents, too?
Jo
I'm from Southern California, it's requirement of residency to rubber-neck. Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
posted
I still think that the real news will be in the details . ICON is up and has been all day . Why would a stock be up after announcing that they are blowing 70 million for a name and a license unless its worth alot more .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
| IP: Logged |
quote:Originally posted by thesource: I still think that the real news will be in the details . ICON is up and has been all day . Why would a stock be up after announcing that they are blowing 70 million for a name and a license unless its worth alot more .
Danskins is a well known product and can be found in many retail outlets. ICON will now not only be marketing it to these retail outlets but also be able to license it worldwide. IMO, Danskins just didn't have the capital to do the proper marketing job after many years of trying. The brand is very well known and with proper marketing could explode again. It likes like a WIN WIN for both companies.
My reservation about buying at this time is the unknown share structure and current financial picture of Danskins. I'm watching and may dabble if it retraces further or more info is made available. On the surface it looks good.
It's not just a name and license. I believe it's a special process that the DANSKIN product is made by. ICON now owns that process.
Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
posted
But Wally? If ICON is paying Millions for this company...I would think that DANS would not need to up the current share structure since they would not need funds...I am trying to figure out what ICON will be getting out of it...and that might be where new shares would come into play...I would like to see the details... Yesterday was FANTASTIC for those that were in...while the rest of us stood and watched with dropped jaws...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
"Danskin, Inc. (OTC:PK: DANS.PK) ("Danskin" or the "Company") today announced that it has entered into a definitive agreement to sell its Danskin(R) intellectual property, to Iconix Brand Group, Inc. ("Iconix"). The transaction is anticipated to close in March 2007. 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.
The purchase price for the transaction will be $70 million with a contingent payment of $15 million, payable in cash or stock, triggered by the brand exceeding certain revenue and performance targets. If paid in Iconix stock and the stock appreciates during the earnout period, or thereafter, the Company could earn up to an additional $7.5 million.
As part of the transaction, Danskin will enter into a license agreement with Iconix to continue to operate the Danskin(R) wholesale business, including its freestanding retail stores and its internet merchant site, Danskin.com.
Donald Schupak, Danskin's Chairman said "The transaction will provide capital for growth of the Danskin(R) wholesale business and, at the same time, monetize its intellectual properties, enhancing opportunities to increase shareholder value. Carol Hochman and her team have done an exceptional job expanding this great brand and implementing a multi-channel distribution strategy in a markedly undercapitalized environment. In addition to providing working capital, Iconix marketing support will help complete the Company's vision for the Brand."
Danskin, Inc. (OTC:PK: DANS.PK) 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 its own freestanding Danskin boutiques and its internet merchant site Danskin.com. "
The way I read this is ICON is buying the company and allowing DANS to remain in business and continue business as usual . The added income will allow DANS to grow at a higher rate and more than likely bring their product to more outlets that ICON currently sells their other products in .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
| IP: Logged |
quote:Originally posted by cassity: This deal will definitly help DANS, it's just a matter of time.
Its got to ..... who couldn't benefit from an extra 70 million ? I think most people today are just unsure of the exact details and don't want to tie up their cash over the weekend . I can't say I blame them.
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
| IP: Logged |
posted
Source, I disagree. They are not buying the company. They are buying the IP(Intellectual Property). DANSKINS is now licensing that property from ICON as will other companies. IMO, there is no mention of a buyout or of DANSKINS becoming a SUB of ICON.
Secondly, I'm not worried about DANS issuing shares now. It's the shares that could have been issued between 2002 and now that I'd like to know about.
Like I stated before, I believe this is a WIN for both companies. ICON gets the IP which they will reap licensing fees from other companies and be able to distrbute through their own network. DANS gets the capital to go forward with their stores. I just wish I had a better idea of where DANS was sitting financially before the deal. Will they be able to payoff any debt they have accured and have enough capital to be profitable. It sounds like it from the PR but one never knows when it comes to Pinkie land.
Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
![[Smile]](smile.gif)
![[Eek!]](eek.gif)
![[Big Grin]](biggrin.gif)
![[Embarrassed]](redface.gif)
![[Frown]](frown.gif)
