Know the rules The Paceline Forum Builder's Spotlight


Go Back   The Paceline Forum > General Discussion

Reply
 
Thread Tools Display Modes
  #31  
Old 10-30-2024, 09:35 PM
fa63's Avatar
fa63 fa63 is offline
Senior Member
 
Join Date: Jul 2012
Posts: 4,248
Not to mention, they could have at least checked their grammar / spelling before putting this out there...

Rise demand -- guess they meant to say "Rise in demand" or "Rising demand"
Tourism is misspelled
What does "Market Segment by Men" mean?

Quote:
Originally Posted by sparky33 View Post
I am not, but I wish them luck. They make nice wheels and are good to their customers.

This global market forecast seems a bit rosy.
Reply With Quote
  #32  
Old 10-31-2024, 05:06 AM
BdaGhisallo's Avatar
BdaGhisallo BdaGhisallo is offline
Senior Member
 
Join Date: Jan 2004
Location: Bermuda
Posts: 3,088
Quote:
Originally Posted by fa63 View Post
Not to mention, they could have at least checked their grammar / spelling before putting this out there...

Rise demand -- guess they meant to say "Rise in demand" or "Rising demand"
Tourism is misspelled
What does "Market Segment by Men" mean?
Well, they did at least get "enviornmental" correct.

That's a tough one to get right.
__________________
"Progress is made by lazy men looking for easier ways to do things." - Robert Heinlein
Reply With Quote
  #33  
Old 10-31-2024, 06:28 AM
sokyroadie sokyroadie is online now
Senior Member
 
Join Date: Sep 2006
Location: Austin, KY
Posts: 2,980
"Two International locations to cover three contenants" How about continents
__________________
Sonder MTB, Seven Ti, Lynskey Ti Gravel
Reply With Quote
  #34  
Old 10-31-2024, 07:11 AM
fa63's Avatar
fa63 fa63 is offline
Senior Member
 
Join Date: Jul 2012
Posts: 4,248


Quote:
Originally Posted by BdaGhisallo View Post
Well, they did at least get "enviornmental" correct.

That's a tough one to get right.
Reply With Quote
  #35  
Old 10-31-2024, 08:02 AM
oldpotatoe's Avatar
oldpotatoe oldpotatoe is offline
Proud Grandpa
 
Join Date: Oct 2009
Location: Republic of Boulder, USA
Posts: 47,560
Quote:
Originally Posted by AngryScientist View Post
Raising capital to pursue aggressive growth goals in the bicycle business is not a great idea right now IMO.

I don't know anything about running a business, but if I operated a small to medium sized biz, I would be doing just the opposite right now. Head down, focus on managing expenses and keeping the core business healthy.

I suppose ENVE did basically what BOYD is attempting to do?

I wish them luck!
Gotta agree...Wheelsouttaboxes Market VERY crowded with some really big players involved..Like Campagnolo, Fulcrum, Zipp, others.

Plus the bike market due to Post Covid is really slumping right now...
__________________
Chisholm's Custom Wheels
Qui Si Parla Campagnolo
Reply With Quote
  #36  
Old 10-31-2024, 08:09 AM
oldpotatoe's Avatar
oldpotatoe oldpotatoe is offline
Proud Grandpa
 
Join Date: Oct 2009
Location: Republic of Boulder, USA
Posts: 47,560
Quote:
Originally Posted by fa63 View Post
Not to mention, they could have at least checked their grammar / spelling before putting this out there...

Rise demand -- guess they meant to say "Rise in demand" or "Rising demand"
Tourism is misspelled
What does "Market Segment by Men" mean?
Misspelled "Environmental" too..ooopsie. Not a good look...
__________________
Chisholm's Custom Wheels
Qui Si Parla Campagnolo
Reply With Quote
  #37  
Old 10-31-2024, 08:33 AM
GregL GregL is offline
Senior Member
 
Join Date: Dec 2004
Location: North Syracuse, NY
Posts: 3,736
I'm certainly not as knowledgeable as other forum posters, and I didn't sleep at a Holiday Inn Express last night. Even with those handicaps, I know that raising capital to pay off current obligations is a big red flag. Best wishes to Boyd, but I'll pass on this investment opportunity.

Greg
Reply With Quote
  #38  
Old 10-31-2024, 11:39 AM
2000m2 2000m2 is offline
Senior Member
 
Join Date: Sep 2014
Location: SF Bay Area
Posts: 1,382
Quote:
Originally Posted by echappist View Post
It gets better. On pg. 38 is this doozy of a statement re: dividend payments to shareholders of Munich Composite

If I'm not mistaken, "Munich Composites" refers to the recently established company, and it would appear that 1.34 M preferred A shares in Munich Composite were issued (none currently owned by Boyd), with the possibility of issuing another 0.96 M preferred A shares to reach the 2.3 M shares mentioned on pg. 38. If my calculations are correct, that's a dividend yield of 29% per annum, or about 10x what S&P 500 provides.

And it would appear from pp. 10-11 that quite a bit of the aim of the issuance of common shares in Boyd is for Boyd to purchase preferred A shares in Munich Composite (specifically, the 0.96 M preferred A shares that can be subsequently issued). Boyd's own statement on pg. 38 confirms as much re: effects of the dividend.

Who wants to be the schmuck who ponies up money to buy common shares, so that a good portion of it go toward dividend payment? Without both the onerous (pretty much Boyd's own words) dividend payment and what seems to be a move to benefit Boyd itself, I could see value of investing in common shares to gain market share. But what's contained in this disclosure really leads to some unpleasant implications.

Way too rich for my blood. If I had money to burn (subjunctive mood emphasized), I might consider loaning them money (say $7500 worth) with a warrant to convert the amount loaned into those sweet Class A shares in Munich Composite. Still risky, but not nearly as much buying common shares in Boyd Cycling.
Nice finds there. That is indeed some expensive money and multiple layers of ownership.

Quote:
Originally Posted by November Dave View Post
Only if you want to ensure your investment loses value. It would shock me if enough aluminum tubulars, globally, rim and disc, were sold between now and eternity to use up a minimum run of the extrusion.
Quote:
Originally Posted by fogrider View Post
This. I ran tubulars exclusively for 20 plus years. The problem is there is a lack of tire selection for tubulars and prices have gone through the roof. I've just bought 2 pairs of BTLOS wheels.
I prefer the carbon variety for tubulars. I use aluminum wheels for clinchers and poor weather.

Quote:
Originally Posted by Haldy34 View Post
You don't need to be an investor to do that. They do still make rim brake tubulars. I'm rolling on a few pairs of them and as a Boyd dealer, I have built up several sets for my customers this year.
Good to know!

Quote:
Originally Posted by prototoast View Post
Off the top of my head, the only obvious OEM opportunity would be Time Bicycles, which are also producing out of South Carolina. But I don't know if they do enough volume to substantially improve Boyd's sales. Maybe Lynskey or Litespeed too? But also not clear what's stopping them from tapping that channel now.
TIME bicycles, if I'm not mistaken, is also associated with or was bought by Cardinal Cycling Group, Inc. Seeing how they are very much involved here financially, perhaps Boyd wheels will be making their way to complete TIME bicycles for sale in the near future? Agree on the volume though, I don't see a ton of TIMEs out there in the wild and I regularly ride a Scylon.
Reply With Quote
  #39  
Old 10-31-2024, 01:17 PM
gavingould gavingould is offline
Senior Member
 
Join Date: Sep 2009
Location: Austin TX, ex-Chicago
Posts: 1,732
the disclosures and SEC forms also note that the US-based instance of Munich Composites is to actually share manufacturing space with TIME.
But if it’s mentioned anywhere that they’re going to be an OEM for them, I didn’t see it.

still, the whole ploy is for us investors to buy common shares in Boyd and they use the proceeds from that to buy preferred shares in Munich to supplement their current 49% holding of common shares, get the dividend payout/better terms of payout in case of the hoped-for sale of Munich to some other entity.
Reply With Quote
  #40  
Old 10-31-2024, 02:16 PM
echappist echappist is offline
Senior Member
 
Join Date: Jan 2011
Posts: 4,958

Last edited by echappist; 11-20-2024 at 12:22 PM.
Reply With Quote
  #41  
Old 10-31-2024, 03:16 PM
Nomadmax Nomadmax is offline
Senior Member
 
Join Date: Jan 2019
Location: SW Ohio
Posts: 1,813
I don't think I'll invest. But I will shop the fire sale, as long as the rims have hooks on them.
Reply With Quote
  #42  
Old 10-31-2024, 04:00 PM
mstateglfr's Avatar
mstateglfr mstateglfr is online now
Sunshine
 
Join Date: Dec 2020
Location: Des Moines IA
Posts: 2,025
Quote:
Originally Posted by echappist View Post
OThey are expecting almost a near tripling in company value in just two years. How do they foresee doing this?
Reply With Quote
  #43  
Old 10-31-2024, 04:34 PM
FriarQuade FriarQuade is offline
Senior Member
 
Join Date: Jan 2017
Location: BendOR
Posts: 881
Quote:
Originally Posted by weaponsgrade View Post
I recall clothing company Kitsbow tried something like this. A few months (weeks?) later they shut down. It's gotta be a tough trying to compete with Asian brands like BTLOS.
Kitsbow did give crowdfunding a shot near the end. Problem was, the goal was so far short of what it needed to be to revive the company that it was never going to work. Once it all settled out, it was only going to fund ~2 months of expenses. I still think Kitsbow could have made it, IF they were willing to downsize. Seems like it would have been a great company for 5-10 people to work in, but they were just too big to serve the market they could capture.

Boyd's a good guy, he started into wheels about the same time I started making tools and we've run into each other at events at what not for years. This effort seems aggressive but I wish him well.
__________________
Abbey Bike Tools

Steels are Alloys too!
Reply With Quote
  #44  
Old 10-31-2024, 04:37 PM
mcteague's Avatar
mcteague mcteague is offline
Senior Member
 
Join Date: Oct 2005
Location: Maryland, USA
Posts: 3,265
Quote:
Originally Posted by mstateglfr View Post
Reminds me of “Nimona” where she describes her plan as “something, something, something…we win!”

Tim
Reply With Quote
  #45  
Old 10-31-2024, 05:07 PM
cgolvin's Avatar
cgolvin cgolvin is online now
#RYFB
 
Join Date: Nov 2016
Location: The Boss Basin
Posts: 5,674
Quote:
Originally Posted by BdaGhisallo View Post
Well, they did at least get "enviornmental" correct.

That's a tough one to get right.
And y'all missed "contenants".

But this is not news, most people can't spell, don't know grammar, don't use spell check, and copy editors are a dying breed. Even the venerated NYT is good for a copy edit mistake once a day. And if spelling and grammar errors you seek, you'll find them aplenty on Paceline!
__________________
Gios Peg Bixxis

Last edited by cgolvin; 10-31-2024 at 05:12 PM.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 01:50 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.