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Article: Sled Dogs hopes to stop slide into financial trouble; Maker of snow skates needs help over both short and long term.(BUSINESS)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- February 10, 1997
- Author:
CopyrightCOPYRIGHT 1997 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Although company executives are pleased with sales and growing consumer interest in their snow skates, Minneapolis-based Sled Dogs Co. is perilously close to financial doom.
With its stock languishing at 40 cents a share, top management at Sled Dogs freely acknowledge that the company is in urgent need of short-term and long-term financial assistance to survive.
Timing is critical as Sled Dogs readies its product line and marketing efforts for the 1997-98 season.
"We begin selling now for the next season," said Chief Financial Officer Mike Wise, noting that the company is pursuing more than one financing option to pull it through the next 12 to ...