posted
Take a look at ICON , they are trading near 52 week highs right now and it was touched this morning . I guess its just the difference in mentality between penny players and big money . The penny guys scramble like roaches with the light turned on while the big money just keeps plugging away .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
| IP: Logged |
posted
As far as the reason that I am not in, there are WAY too many unknowns here. If I see somethign that says "Company X is buying company Y and paying .40 a share" and company Y is trading at .20 cents a share, then that means somethign to me.
There is NOTHING in the PR on either end that gives any kind of number, other than the 70 million. i don't think any of us have any idea what it applies to, how many shares it's divided by, or what the impact is to per share price. We all know that it went up 1000% yesterday, but did that put it to fair value? Should it be higher? Should it be lower? Who knows. that's why I'm staying out. Seems to me just as likely that .20 is over priced as it is underpriced. in fact, I'd say it's more likely to be overpriced, as I'd guess it's being "artifically" held up right now just by momentum and buying pressure from boards like this.
hope that doesn't come across as too much of a bash, but i just don't see any info to back up a sustained 1000% increase
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
You are right , its a guessing game right now but only from our view . The powers at hand (DANS & ICON) more than likely know the real info and are comfortable with the deal on the table . It would totally different if these were two shady azz penny stocks trying to cause waves and run their PPS up .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
| IP: Logged |
quote:Originally posted by thesource: Take a look at ICON , they are trading near 52 week highs right now and it was touched this morning . I guess its just the difference in mentality between penny players and big money . The penny guys scramble like roaches with the light turned on while the big money just keeps plugging away .
Maybe you are misunderstanding what I am attempting to convey. I'm not bashing and not even negative about this deal. First, I was attempting to give my read as to there not being a buyout or merger. ICON is buying the IP. DANS continues on as it's own company with a relationship with ICON now. Secondly, any stock that rises as high and as fast as this did yesterday is bound to retrace. So I'm just waiting to see where it bottoms and then will buy for the bounce. Hopefully will end up with some shares to hold for the longer term just in case it explodes.
Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
posted
Oh I don't doubt that the deal makes sense for them, but unless I'm missing something, the stock price has no impact on the deal. It could be that the deal is equivalent to a buyout at .10 a share, which as of Wednesday, was like a 400% premium but as of yesterday was a 50% discount. We just don't know what the deal means to the stock price, which is really all any of you should be worrying about. not if it's good for either or both companies.
quote:Originally posted by thesource: You are right , its a guessing game right now but only from our view . The powers at hand (DANS & ICON) more than likely know the real info and are comfortable with the deal on the table . It would totally different if these were two shady azz penny stocks trying to cause waves and run their PPS up .
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
I understand where you are coming from . I think the only two reasons this is where it is (1) People are taking profits from yesterday and (2) People are still unsure about the real details of the agreement .
None the less , penny players are for the here and now . Big money plays with big stocks and doesn't have to have PR's on a daily basis to keep the momo going .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
| IP: Logged |
quote:Originally posted by thesource: I understand where you are coming from . I think the only two reasons this is where it is (1) People are taking profits from yesterday and (2) People are still unsure about the real details of the agreement .
None the less , penny players are for the here and now . Big money plays with big stocks and doesn't have to have PR's on a daily basis to keep the momo going .
Stocks on higher exchanges do react differently than Penny stocks, that is very true. ICON should be filing something that should give more insight into the deal itself. I hope that DANS puts something out that explains their situation a bit better. Hey if I find what i consider the right entry point I will buy in.
A retrace of 50 to 70% when a stock runs like this wouldn't be out of the ordinary and I would it expect it to bounce from there and settle into a trading range.
I believe that there will be more information out on this and it could still have a nice run.
Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
posted
I have another order in at .14 just to average down . Will it get filled ? Will I lose even more money ? Will it pop and make a good deal of money ?
If I knew this answers , I'd be a very rich man .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
| IP: Logged |
posted
Press Release Source: Iconix Brand Group, Inc.
Iconix Brand Group Announces Definitive Agreement to Purchase Danskin(R) Brand Thursday February 22, 8:00 am ET
NEW YORK, Feb. 22 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc. (Nasdaq: ICON - News; "Iconix" or the "Company") today announced that it has entered into a definitive agreement to purchase the brand Danskin® 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 ®" 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® 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®.'"
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® 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 ®, BONGO ®, BADGLEY MISCHKA ®, JOE BOXER ®, RAMPAGE ®, MUDD ®, LONDON FOG ®, MOSSIMO ® and OCEAN PACIFIC ®. 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
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
posted
I agree totally , once the business transaction is complete between ICON and DANS , investors will be chasing a cheetah's tail . I'm sitting on 6000 shares right now and will probably buy more once some of my funds clear from other sells I made this week .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
| IP: Logged |
posted
Iconix Brand Group, Inc. Announces Closing of Danskin Acquisition Monday March 12, 8:00 am ET
NEW YORK, March 12 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc. (Nasdaq: ICON - News; "Iconix" or the "Company") announced today that the Company has completed the acquisition of the brand Danskin®. ADVERTISEMENT
The purchase price for the transaction was $70 million with a contingent payment of an additional $15 million, to be payable in cash or stock, based on the brand exceeding certain revenue and performance targets. The acquisition was self-funded from the Company's cash reserves. Danskin is anticipated to generate approximately $15 million in royalty revenue in its first twelve months under the Iconix umbrella.
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 ®" brand of apparel and fitness equipment.
Iconix Brand Group Inc. (Nasdaq: ICON - News) owns, licenses and markets a growing portfolio of consumer brands including CANDIE'S®, BONGO®, BADGLEY MISCHKA®, JOE BOXER®, RAMPAGE®, MUDD®, LONDON FOG®, MOSSIMO®, OCEAN PACIFIC® and DANSKIN®. The Company has also announced that it has entered into a definitive agreement to purchase the brand ROCAWEAR®. The Company licenses its 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.
Posts: 210 | Registered: Aug 2006
| IP: Logged |
posted
I have a buy order in at .09 and its not getting filled . I figured it would fly with the news . Maybe most of the investors have not seen it yet since ICON released the PR and not DANS .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
| IP: Logged |
posted
PR Out - No strong move in PPS.....what a disappointment!
Danskin, Inc. Announces Closing of Sale of Its Intellectual Property to Iconix Brand Group, Inc. Monday March 12, 3:28 pm ET
NEW YORK--(BUSINESS WIRE)--Danskin, Inc. (OTC:PK: DANS.PK) ("Danskin" or the "Company") today announced that it has completed the sale of its Danskin® intellectual property, to Iconix Brand Group, Inc. ("Iconix"). ADVERTISEMENT
The purchase price for the transaction was $70 million with a contingent payment of an additional $15 million triggered by the brand exceeding certain revenue and performance targets, to be payable in stock, or cash under certain circumstances. 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 entered into a license agreement with Iconix to continue to operate the Danskin® wholesale business, including its freestanding retail stores and its internet merchant site, Danskin.com.
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.
Posts: 2554 | Registered: Nov 2005
| IP: Logged |
Women's Clothing Find Suppliers of Women's Apparel & Accessories on Business.com.
Blair.com - Official Site Get Great Discounts on Brand Names at The Blair Catalog Official Site.
†The ads are not affiliated with Danskin, Inc
Danskin, Inc - Detailed Company Profile
Year Started: 1982 State of Incorporation: DE URL: www.danskin.com Location type: Headquarters Stock Symbol: DANS Stock Exchange: OTC Also Does Business As: N/A NAICS: Sheer Hosiery Mills; Other Hosiery and Sock Mills; Women's and Girls' Cut and Sew Other Outerwear Manufacturing; Surgical Appliance and Supplies Manufacturing; Other Clothing Stores Est. Annual Sales: $100,000,000 Est. Employees: 475 Est. Employees at Location: 42 Contact Name: Margaret B Pritchard Contact Title: Sec-Gen Counsel-V Pres Bus Dev
Posts: 210 | Registered: Aug 2006
| IP: Logged |
posted
Just be patient ....... if you want to sell your shares , I will gladly give you .08 a share for them anytime tomorrow . Just put them up for sale
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
![[Smile]](smile.gif)
