I was wondering when MO would give us some information on this since most of the rest of the world knew of Friday when it happened.
Why not mention something about the figures of their 2002 annual report that you can view on Cannondale's website? $24 million loss in the motorsports division. The bike division is highly profitable. Obviously this is a case of completely running the company into the ground through mismanagement. Someone should have started making cuts way before it got to this point. Now all the guys who had enough faith in the company to buy their motorcycles and atv's are basically screwed.
Why not mention something about the figures of their 2002 annual report that you can view on Cannondale's website? $24 million loss in the motorsports division. The bike division is highly profitable. Obviously this is a case of completely running the company into the ground through mismanagement. Someone should have started making cuts way before it got to this point. Now all the guys who had enough faith in the company to buy their motorcycles and atv's are basically screwed.
