Broder Bros. Co. Announces Second Quarter 2009 Results
Business Outlook
Having successfully completed the financial restructuring, management is refocusing its attention on marketing and selling initiatives. Management believes that the company can outgrow its competition by having high-quality inventory, high-quality operations and competitive pricing.
After the successful completion of the exchange offer, management worked with suppliers to obtain the trade credit necessary for restocking its depleted inventory. Even prior to the conclusion of the exchange offer, Broder developed purchase orders for what was required to return depleted inventory to appropriate levels of inventory based on market conditions. Once the exchange offer was successful, suppliers began to ship the large quantities of goods so that Broder would be in-stock.
- Companies:
- Alpha Industries
- Broder Bros.