Entries by jeff

Big Air; Initial Public Offerings in the US

Open on the table next to me I have the preliminary and actual prospectus for, respectively, Morrow and Ride Snowboards initial public offerings. As of December 13th, 1995, my broker assures me, Morrow is not public yet.  Ride’s prospectus is dated May 6, 1994 and those of you who bought their stock at the time of […]

Foreign Exchange Management; What’s All This Brouhaha?

Actually, there’s nothing to it. The differential in rates of inflation between the economies of two countries equals the percentage change in the exchange rate over the same period. This is known as the Purchasing Power Parity theorem. There. That should be clear. Of course, government intervention in the markets can also affect exchange rates and everybody knows that […]

Show Trends and the Business of Snowboarding; “It’s Deja Vu All Over Again!”

In 1903, 57 companies were started to make cars. 32 left the business. I recently heard it on National Public Radio, so it must be true. Snowboarding, of course, is going to be different. In your dreams.   They say that when you die, your finger nails and hair keep growing for about three weeks. In Las Vegas I […]

The Joys of Consolidation; Managing the Transition from Growth to Maturity

It happened to skate boards and surf boards. Now, it’s the snowboarding industry’s turn. The transition from a fast growing, hot trend to a mature industry is about more than consolidation to fewer players. It means lower margins, slower growth for many companies and aggressive competition increasingly based on price and service, not to mention savvier consumers […]