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Wow, there is some juicy information in the prospectus (80 pages) about the
company and the construction toy "industry".
Mega Bloks Inc is the new official name of the company since last Tuesday.
They had 2001 sales of 150M and gross profit of 70M, net earnings of 6M.
THIS IS A GREAT GROSS MARGIN!
They claim 19% market share in North America, 11% worldwide, and 5% in Europe.
24.9% of sales were outside North America.
Licensed products (Sesame Street, NASCAR) were less than 3% of sales.
Construction toy market grew at 12.3% annual over the last 4 years, faster
than toys overall at 2.3%.
They claim significant savings over the "leading brand" in cost of plastic
resins and number of mold cavities. They outsource their molding in peak
demand seasons.
The company purchased its first 5 injection molding machines in 1989, and
has 55 today. (Tonnage was not specified.)
The company has assets of 106M and debts of 113M - it seems poised to tilt
the balance, an auspicious time for an IPO.
They employ 70 people in research and development.
For 2002 they intend to move out of the construction toy aisle with "Mega
Bloks GIRL FRIENDS".
In lugnet.off-topic.clone-brands, Erik Olson writes:
>
> To find the documents filed today on SEDAR
>
> http://www.sedar.com/command_servlet?cmd=DisplayCompanyDocuments&issuerNo=00017602&lang=EN
>
> or
>
> http://www.sedar.com/command_servlet?cmd=DisplayCompanyDocuments&issuerNo=00017602&lang=FR
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Message has 1 Reply:
 | | Re: Mega Bloks IPO
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| (...) Interesting, they have negative shareholder equity. They do seem to be generating cash though Maybe we should start lugnet.off-topic.finance Any other MBA's out there? Lester (23 years ago, 25-Mar-02, to lugnet.off-topic.clone-brands)
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