Headline: Sunbeam May Lose NYSE Status

Source: Associated Press, 25 Jan 2001

Officials at the New York Stock Exchange have warned appliance-maker Sunbeam Corp. it may delist the company's stock because it is failing to meet the exchange's requirements.

NYSE officials said the company did not meet standards for minimum market capitalization, shareholder equity or average closing share price required to remain listed on the exchange, Sunbeam said Thursday.

Sunbeam, based in Boca Raton, primarily makes appliances, other household goods and camping gear. Last year it posted losses that fell short of Wall Street's expectations. In 2000, Sunbeam posted a second-quarter loss of $80.2 million, or 75 cents per share, compared with $46.9 million, or 47 cents per share in the same quarter the previous year.

Sunbeam blamed its poor performance on customers no longer buying generators and outdoor equipment in preparation for possible Y2K power outages.

-- Andre Weltman (aweltman@state.pa.us), January 26, 2001

Answers

That is one of the lamest excuses I've heard
in a long time.

-- spider (spider0@usa.net), January 26, 2001.

They build, if not the poorest, one of the poorest quality Bar-B-Ques (Gas Grill) on the market.

-- PHO (owennos@bigfoot.com), January 26, 2001.

<<< That is one of the lamest excuses I've heard in a long time. >>>

<<< They build, if not the poorest, one of the poorest quality Bar-B- Ques (Gas Grill) on the market. >>>

Agreed on both comments.

Let's hope SERIOUS preppers didn't buy their shoddy products! Except as barter items.

As regards Sunbeam "blaming Y2Kers" for their current woes, this is laughable. I think that once a long time ago on Gary North's forum there was a point made--maybe by Dr. North himself--that after TSHTF, those who warned about it would be blamed for whatever went wrong. Seems he may have been correct?

-- Andre Weltman (aweltman@state.pa.us), January 26, 2001.