Why DANS is a strong buy
I have tried to find the institutional ownership here. I am sure it is large which is why the float is so tight.
Nasdaq.com doesn't have it and I can't seem to find my way back to the pre-pink sheet yahoo page that would have it
I think they worked the deal they did to try to regain shareholder value to long time holders of the issue, avoiding bankruptcy and yet retaining the brand name. They essentially have sold everything except the brand itself which is formidable. Do you know how easily Danskin products will find there way in to ANY Department store catering to all income levels. With the debt serviced, manufacturer in place, established brand, easy aceess to markets and easy penetration of mkts. They don't have to dillute. This is one pink that if need be in a year or so will have the streams of rev. banking relationships, longstanding reputation that will allow them to get debt financing. This is going to dollars. Those that bought at .40 don't panic, your entry is good. Everyone thinking about this. I have not been in the game long but this sure seems to be a rare opportunity IMO...I bought 6k shares @ .16 glta
