Russ Berrie RUS
June 21, 2004 - 11:08am EST by
member
| 2004 | 2005 | ||||||
| Price: | 19.35 | EPS | |||||
| Shares Out. (in M): | 0 | P/E | |||||
| Market Cap (in $M): | 400 | P/FCF | |||||
| Net Debt (in $M): | 0 | EBIT | 0 | 0 | |||
| TEV (in $M): | 0 | TEV/EBIT | |||||
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| # | AUTHOR DATE SUBJECT |
|---|---|
| 34 | |
But Enesco recently filed for bankruptcy. I stopped following the story shortly after the CEO died because the person they put in charge after that seemed so incompetent that it seemed possible she'd drive | |
| 33 | |
I've stuck in there with this, despite my poor results. Things have taken a while to turn and, after buying down (I think I've learned my lesson with that bad habit), I'm just breaking even. | |
| 32 | |
Interesting development... DE Shaw bought 1/2 of that recently announced transaction. DE Shaw now has stakes in Boyds (which they took private in a strange transaction), FAO Schwartz, E-toys, and now Rus.... One of the... login to read the rest | |
| 31 | |
I mused in the write up about whether or not Angelica Berrie would give Andy Gatto the rope he needed to make things happen. That question has now been definitively answered.
This is a very different... login to read the rest | |
| 30 | |
RUSS has not brought me joy. It's down from my post and suffered the ravages wrought upon all those who sell into the independent gift store channel. The new businesses are gaining traction and the... login to read the rest | |
| 29 | |
I'm certainly not happy with the financing arrangement put in place to get the Kids Line acquisition done. I was counting on that dividend and got my legs cut from beneath me.
It's also very... login to read the rest | |
| 28 | |
Hi, guys --
I notice that all the collectable/giftware companies that have been written up here over the years (that I can think of, anyway) are in the toilet -- ENC, RUS, FOB have all suffered... login to read the rest | |
| 27 | |
Round,
A lot has gone on since your write up. Sales and the balance sheet have deteriorated. Having said that, so has the share price. Do you still like the name, and if | |
| 25 | |
Earnings progress is slow but sure. Lots of discussion about the multiple licensing deals, repositioning of Applause to go after the mass market, organizational right sizing, and discontinuance of home decor offering. Balance sheet remains... login to read the rest | |
| 24 | |
Russ Berrie and Company, Inc. Announces Corporate Restructuring
September 28, 2004 4:33:00 PM ET
Changes Include Certain Management Departures and the Appointment of a New Executive Vice President of Sales
OAKLAND, N.J., Sept. 28 /PRNewswire-FirstCall/ - Russ... login to read the rest | |
| 23 | |
A money loosing quarter (inclusive of inventory write down), though cash balances ramain strong, dividend is intact and Gatto's got it!
Expect more of a focus on licensing and juvenile segment, new and differentiated offerings... login to read the rest | |
| 22 | |
Stronger order flow at Enesco might provide some indication of how things are trending at RUS...though one can't be sure.
___________________________
Enesco Provides Update on Enterprise-Wide Resource Planning System Implementation
July 06, 2004 08:30:00 AM ET
Incoming Orders and... login to read the rest | |
| 21 | |
From the recent 10-K:
"Consolidated selling, general and administrative expense was $121,167,000 or 37.7% of net sales for the year ended December 31, 2002 compared to $112,570,000 or 38.3% of net sales for the year ended... login to read the rest | |
| 19 | |
I've learned some time ago to take industry consultants with huge grains of salt. More often than not, companies seeking competitive advantage in their markets are best served by doing the exact opposite of what... login to read the rest | |
| 18 | |
There's something happening here
What it is ain't exactly clear
There's a man with a gun over there
Telling me I got to beware
I think it's time we stop, children, what's that sound
Everybody look....
...the... login to read the rest | |
| 17 | |
(Continued)
So you look for one-stop, big- box shopping alternatives. The reason why the industry is doing reasonably well is that certain channels have picked up the slack that's been created in the core channel. What... login to read the rest | |
| 16 | |
Berrie CEO wants to claw way back to top
Gift maker's new boss sees good opportunity
Sunday, June 20, 2004
BY GREG SAITZ
Star-Ledger Staff
The news release Russ Berrie & Co. put out two months... login to read the rest | |
| 15 | |
Charlie -
Just trying to surface information that might tank my hypothesis.
I've got calls into the National Retail Federation and a couple of gift retailer trade associations. Hopefully these calls will yield further insights.
Thanks for | |
| 14 | |
Hi round, I was not clear. My hypothesis isn't that the business won't recover. I am not sure if it will or it won't. Your hypothesis is that it will recover, and... login to read the rest | |
| 13 | |
Elan -
I agree that if you lined up Enesco's product line with Russ's that there would be more divergence than overlap...but the gap has narrowed recently.
I also share your quandry with regards to defining markets... login to read the rest | |
| 12 | |
ENC was written up twice on VIC. I don't think ENC is directly comparable to Russ Berrie, as ENC primarily markets collectible gifts. Collectible gifts were traditionally sold through indepenedent stores that specialized... login to read the rest | |
| 11 | |
Elan -
Enesco is a comparable company, though its experience during the 1999-2003 period was not visited upon RUS. During that period RUS performed well, though top line growth was moderate. I haven't really studied Enesco... login to read the rest | |
| 10 | |
Round - I have neither rated nor seriously studied this idea yet, but if I do, the first thing I will try to get a handle on is what is happening with Russ Berrie's customer... login to read the rest | |
| 9 | |
I never claimed the customers RUS served were without competition, though I don't know whether PIR and KIRK would be on the top of the list of direct competitors to independent gift/impulse item retailers. So... login to read the rest | |
| 8 | |
Perhaps by consolidation, they mean among competitors to their independent store customers? Companies like Pier 1 and Kirkland keep opening new stores much faster than the population is growing - this business has to... login to read the rest | |
| 7 | |
RUS reminds me of Imigistics. I'm not suggesting by this comparison that the shares will appreciate by a factor of 4, but consider this:
1) both are selling organizations with a broad base of sourcing opportunities... login to read the rest | |
| 6 | |
Charlie -
Can you offer your hypothesis on why the business won't recover? Perhaps your notions will open other pathways for further research.
| |
| 5 | |
Thanks for the answers. The lack of customer or supplier concentration makes it that much more confusing as to why there has been a sudden drop-off. It is not clear to me that | |
| 4 | |
No doubt, this idea requires some deductive reasoning as it is tough to simply pick the answers to our key question out of comments made by management, or out of public filings. But consider these... login to read the rest | |
| 3 | |
Thanks for your comments and questions.
I do believe that there will be a recovery in sales in the coming quarters, that the margin structure will remain intact, and that the capital intensity of the business... login to read the rest | |