Shimano Takes a Flyer
Originally posted on November 17, 2007 at 14:07 pm
Shimano is reporting that sales are way up — primarily due to European
customers buying up Deore XT components — and as a result their stock, which trades on the Osaka Securities Exchange, got a big goose yesterday (actually at the end of trading today, which happened yesterday, because the international time line… uh, never mind).
Interesting to consider how the US is not really a part of this story, probably because the dollar is weaker than a Dutch roadie in the Leadville 100.
After all, bike sales are actually up here, about 16 percent. Since the Euro is so strong, Campy, Sidi, and other Italian brands are suffering in the US, so many stock bikes stateside are defaulting to Shimano.