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Huffy leaves bankruptcy

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Cycling Equipment
Published
14 October 2005
Last activity
23 October 2005
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Garrison Hilliard
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  1. MIAMISBURG, Ohio – Huffy Corp. announced today it has emerged from bankruptcy
    after receiving $50 million in loans from two financing corporations.

    The 117-year-old bicycle and sporting goods company filed for reorganization
    last October under Chapter 11 of the federal bankruptcy code, citing losses
    largely from a Canadian sports equipment company. A judge last month approved
    the reorganization plan, contingent on the company finding financing.

    Huffy has about 110 workers and is headquartered in this Dayton suburb.

    “Huffy Corp. has now successfully completed a very difficult period in its long
    history,” said John Muskovich, president and CEO. “We have accomplished all of
    our major objectives for this process and have secured an exit financing
    package, which along with the support from our trade suppliers will provide
    assurance to our customers as to the strength of the new Huffy.”

    Huffy said its board of directors has been reconstituted. Its new chairman is
    Zhidong Liang, executive vice president of China Export & Credit Corp.

    “Huffy Corporation is an important partner for the China-based companies which
    manufacture its bicycles, and we look forward to a long and mutually beneficial
    working relationship,” Liang said.

    http://news.enquirer.com/apps/pbcs.dll/article?AID=/20051014/BIZ01/310140005

  2. It would be kinda cool if Huffy made a $300 recumbent. I'd buy one to
    try.

  3. At the XMAS party that my LBS threw each year the highlight activity
    was the "Huffy Toss." Modeled on the Highland games the winner was the
    person who could "toss" the Huffy the farthest. That ws the best use we
    could find for the Huffy and I am happy to see that they will still be
    available for the event.

  4. Ditto! We had one of those at a Christmas Charities fix-up a few years
    back... it was the highlight of the day!

    Mike Lackey
    Madison, AL

    "gds" <[email hidden]> wrote in message
    news:[email hidden]...

    Quoted message said:

    At the XMAS party that my LBS threw each year the highlight activity
    was the "Huffy Toss." Modeled on the Highland games the winner was the
    person who could "toss" the Huffy the farthest. That ws the best use we
    could find for the Huffy and I am happy to see that they will still be
    available for the event.

  5. "Garrison Hilliard" <[email hidden]> wrote in message
    news:[email hidden]...

    Quoted message said:

    MIAMISBURG, Ohio - Huffy Corp. announced today it has emerged from
    bankruptcy
    after receiving $50 million in loans from two financing corporations.

    The 117-year-old bicycle and sporting goods company filed for
    reorganization
    last October under Chapter 11 of the federal bankruptcy code, citing
    losses
    largely from a Canadian sports equipment company. A judge last month
    approved
    the reorganization plan, contingent on the company finding financing.

    Huffy has about 110 workers and is headquartered in this Dayton
    suburb.

    "Huffy Corp. has now successfully completed a very difficult period in
    its long
    history," said John Muskovich, president and CEO. "We have
    accomplished all of
    our major objectives for this process and have secured an exit
    financing
    package, which along with the support from our trade suppliers will
    provide
    assurance to our customers as to the strength of the new Huffy."

    Huffy said its board of directors has been reconstituted. Its new
    chairman is
    Zhidong Liang, executive vice president of China Export & Credit Corp.

    "Huffy Corporation is an important partner for the China-based
    companies which
    manufacture its bicycles, and we look forward to a long and mutually
    beneficial
    working relationship," Liang said.

    Huffy is a perfect candidate for a "do not resuscitate" living will.
    They will never improve their branding image without a name change. How
    about Huffy-Davidson.

    Phil H

  6. To the list,

    But on the plus side, the homeless guys all know a Huffy is a superior
    ride, compared to all the other Kmart/Wally World bikes out there. The
    only thing better is an old Schwinn electro-forged. 500,000 bums on
    bikes agree...

    The Schwinn is rebuildable, all the others are throwaways. But hey,
    Huffy was made in USA, and when they put their minds to it they could
    make a good bike.

    later

    jn

    "Thursday"

  7. bryanska said:

    It would be kinda cool if Huffy made a $300 recumbent. I'd buy one to
    try.

    I'd weigh 100 lbs.

  8. gds said:


    At the XMAS party that my LBS threw each year the highlight activity
    was the "Huffy Toss." Modeled on the Highland games the winner was the
    person who could "toss" the Huffy the farthest. That ws the best use we
    could find for the Huffy and I am happy to see that they will still be
    available for the event.

    My Huffy at the moment has, let's see, 60,000 miles on it.

    http://home.att.net/~rhhardin/bike.jpg

    --
    Ron Hardin
    [email hidden]

    On the internet, nobody knows you're a jerk.

  9. <[email hidden]> wrote in message
    news:[email hidden]...

    Quoted message said:

    To the list,

    But on the plus side, the homeless guys all know a Huffy is a superior
    ride, compared to all the other Kmart/Wally World bikes out there. The
    only thing better is an old Schwinn electro-forged. 500,000 bums on
    bikes agree...

    The Schwinn is rebuildable, all the others are throwaways. But hey,
    Huffy was made in USA, and when they put their minds to it they could
    make a good bike.

    The DUI guys I see around here are usually on NEXT double boingers. It seems
    like they would be better served with one of the NEXT hybrids. Now that
    WalMart is selling the GMC Denali road bike, I wonder if that will become
    the DUI ride of choice? I didn't see rack eyelets on it, so it would be
    difficult for them to mount the milk crate.

  10. Gooserider said:

    <[email hidden]> wrote in message
    news:[email hidden]...

    Quoted message said:

    To the list,

    But on the plus side, the homeless guys all know a Huffy is a
    superior ride, compared to all the other Kmart/Wally World bikes out
    there. The only thing better is an old Schwinn electro-forged. 500,000
    bums on bikes agree...

    The Schwinn is rebuildable, all the others are throwaways. But hey,
    Huffy was made in USA, and when they put their minds to it they could
    make a good bike.

    The DUI guys I see around here are usually on NEXT double boingers.
    It seems like they would be better served with one of the NEXT
    hybrids. Now that WalMart is selling the GMC Denali road bike, I
    wonder if that will become the DUI ride of choice? I didn't see rack
    eyelets on it, so it would be difficult for them to mount the milk
    crate.

    The beer-carrying milk crate?

    --
    Phil, Squid-in-Training

  11. "Phil, Squid-in-Training" <[email hidden]> wrote in
    message news:1nl4f.2554$vS1.2310@dukeread03...

    Quoted message said:
    Gooserider said:

    <[email hidden]> wrote in message
    news:[email hidden]...

    Quoted message said:

    To the list,

    But on the plus side, the homeless guys all know a Huffy is a
    superior ride, compared to all the other Kmart/Wally World bikes out
    there. The only thing better is an old Schwinn electro-forged. 500,000
    bums on bikes agree...

    The Schwinn is rebuildable, all the others are throwaways. But hey,
    Huffy was made in USA, and when they put their minds to it they could
    make a good bike.

    The DUI guys I see around here are usually on NEXT double boingers.
    It seems like they would be better served with one of the NEXT
    hybrids. Now that WalMart is selling the GMC Denali road bike, I
    wonder if that will become the DUI ride of choice? I didn't see rack
    eyelets on it, so it would be difficult for them to mount the milk
    crate.

    The beer-carrying milk crate?

    Yes. It seems to be a requirement.

  12. Gooserider said:

    <[email hidden]> wrote in message
    news:[email hidden]...

    Quoted message said:

    To the list,

    But on the plus side, the homeless guys all know a Huffy is a superior
    ride, compared to all the other Kmart/Wally World bikes out there. The
    only thing better is an old Schwinn electro-forged. 500,000 bums on
    bikes agree...

    The Schwinn is rebuildable, all the others are throwaways. But hey,
    Huffy was made in USA, and when they put their minds to it they could
    make a good bike.

    The DUI guys I see around here are usually on NEXT double boingers. It seems
    like they would be better served with one of the NEXT hybrids. Now that
    WalMart is selling the GMC Denali road bike, I wonder if that will become
    the DUI ride of choice? I didn't see rack eyelets on it, so it would be
    difficult for them to mount the milk crate.

    Who needs eyelets when there is hose clamps and duct tape.
    Quando Omni Flunkus Moritati

  13. Around here all the DUI guys drive their lawn mowers to the liquor
    store to get beer.

  14. "Phil Holman" <piholmanz@yourservice> wrote in message
    news:[email hidden]...

    Quoted message said:


    "Garrison Hilliard" <[email hidden]> wrote in message
    news:[email hidden]...


    *snipped orginal*

    Quoted message said:

    Huffy is a perfect candidate for a "do not resuscitate" living will. They
    will never improve their branding image without a name change. How about
    Huffy-Davidson.

    Phil H

    And how is associating with Harley-Davidson a positive image change? :P

  15. Ron Hardin said:

    My Huffy at the moment has, let's see, 60,000 miles on it.

    If you rode all those you do get an award.
    Someday you will get a real bike and then think of all the fun you will
    have.

  16. gds said:


    Ron Hardin said:

    My Huffy at the moment has, let's see, 60,000 miles on it.

    If you rode all those you do get an award.
    Someday you will get a real bike and then think of all the fun you will
    have.

    Even worse, I've been keeping up 8k miles a year since 1971; up until it was
    stolen, in I guess in 1988, it was on a Raleigh International, which was
    pretty high-end at the time. I went to a fat tire then and have stuck with
    it; fewer flats, nicer ride, better load-carrying, cheap.

    I just count commuting miles, which is about all I do these days except for
    occasional errands that lengthen it out a lot sometimes. Commuting leads to
    daily persistence, which eventually adds up.

    There's nothing wrong with a Huffy. Components wear out at the same rate in
    the same way, but are just super-cheap to replace. If you need to replace a lot
    at once, just get a new Huffy.

    The speed difference is more between styles of bike. The fat-tire MTB is
    pretty draggy. But then it's just time on the bike either way. A faster
    bike just needs more miles.

    --
    Ron Hardin
    [email hidden]

    On the internet, nobody knows you're a jerk.

  17. I believe that if you are happy with it that is really all that counts.
    And you seem to be so that is great.
    The nice thing is that when yo get a case of "bike lust" you can
    satisfy it for very little $$.

  18. "Ron Hardin" wrote: (clip) A faster bike just needs more miles.
    ^^^^^^^^^^^^^^^^
    Ron, you've given me a whole new outlook. I'm old and slow, so my needs are
    less.

  19. Ron Hardin said:

    A faster bike just needs more miles.

    Aye, therein is the joy...

    --
    Dave
    dvt at psu dot edu

  20. In article <[email hidden]>,

    Ron Hardin said:
    gds said:


    Ron Hardin said:

    My Huffy at the moment has, let's see, 60,000 miles on it.

    If you rode all those you do get an award.
    Someday you will get a real bike and then think of all the fun you will
    have.

    Even worse, I've been keeping up 8k miles a year since 1971; up until it was
    stolen, in I guess in 1988, it was on a Raleigh International, which was
    pretty high-end at the time. I went to a fat tire then and have stuck with
    it; fewer flats, nicer ride, better load-carrying, cheap.

    I still have my Raleigh International. Reynolds triangle,
    stays, and fork; Nervex lugs; eyelets front and rear;
    Campagnolo drop outs and fork ends; room for 27" x 1"1/4
    tires and mud guards; long chain stays for a bit more
    comfort; yet still a light nifty ride.

    Quoted message said:


    I just count commuting miles, which is about all I do these days except for
    occasional errands that lengthen it out a lot sometimes. Commuting leads to
    daily persistence, which eventually adds up.

    There's nothing wrong with a Huffy. Components wear out at the same rate in
    the same way, but are just super-cheap to replace. If you need to replace a lot
    at once, just get a new Huffy.

    The speed difference is more between styles of bike. The fat-tire MTB is
    pretty draggy. But then it's just time on the bike either way. A faster
    bike just needs more miles.

    Up on a bicycle I am always pleased by the efficiency; you
    are settling for less. With a more efficient bicycle you
    can still put in the same effort to achieve your work-out
    goals; problem is ... you will go faster!

    --
    Michael Press

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