Welcome to Episode 3 of the Preferred Shares Podcast.
Douglas Ott, of Andvari Associates, was the primary researcher for this episode.
In this episode
Simplicity turns down the huge buyout offer
Peak price meets peak sales
Shifting tastes in American fashion
Corporate raiders smell blood in the water
The big unwind
Answering: How to fight obsolescence?
Takeaways and timeless lessons
Episode resources
Glamour Stocks Under Pressure, New York Times, 8/1/1971
How High Is High? How High Is Safe?, Forbes, 4/15/1972
A Fund Optimist Looks at Stocks, New York Times, 2/5/1973
Nice Troubles, Fortune, 10/1/1973
Market Place: Simplicity Out of Fashion Now, 2/8/1974
A Resurgence in Home Sewing?, New York Times, 5/19/1974
Market Place: Insiders Offer Investing Clues, New York Times, 5/27/1974
Price Rises Set by Uniroyal Tire, New York Times, 8/15/1974
Simplicity Pattern Names Head, New York Times, 10/11/1974
Butterick’s Evens, New York Times, 1/19/1975
Making It With Patterns, New York Times, 1/19/1975
Simplicity’s Glynn, New York Times, 1/19/1975
President of Simplicity Resigns, 7/4/1975
SYP Promotes Executive VP Harold Hooper to President, New York Times, 7/11/1975
At Simplicity, Pattern is Still One-Man Rule, New York Times, 7/19/1975
Market Place: Seeking Undervalued Assets, New York Times, 2/14/1976
Market Place: Picking a Trend for Simplicity, New York Times, 2/28/1976
SYP Annual Results, New York Times, 2/26/1983
Simplicity Pattern Buys a 9.9% Stake in Amstar, New York Times, 6/18/1983
Simplicity Changes Name to Maxxam Group, Inc, New York Times, 6/9/1984
Triton to Acquire Simplicity Pattern (Maxxam), New York Times, 7/18/1984
Tougher Than the Rest, Time, 2/8/1988
A Raider’s Ruckus in the Redwoods, Fortune, 4/24/1989
A Pattern Maker’s Buyout Burden, New York Times, 9/2/1989
Reaping from Sewing, Forbes, 5/25/1992
Additional reading
Along with the resources above relating to episode 3, below are some pieces we’ve written independently that we think you’d like:
Sewage Pipes to Software in 30 Years, a report on Tyler Technologies (TYL), a company mentioned in this Preferred Shares episode, Douglas Ott, 9/3/2020
Executive Training Grounds Part 1: General Electric, Douglas Ott, 6/6/2023
Secular Growth In The Pet Industry, Lawrence Hamtil, 9/19/2023
A Few Thoughts On Auto Parts Retail, Lawrence Hamtil, 4/22/2023
Imperial Brands: Looking Through the Noise, Devin LaSarre, 10/8/2023
Scandinavian Tobacco Group: The Artisanal Serial Acquirer, Devin LaSarre, 7/2/2023
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Disclaimer
All opinions expressed by Preferred Shares hosts and guests are solely their own opinions and do not reflect the opinions of their respective employers. This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. None of the information contained in the podcast or this web site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person.
Clients of Andvari and Fortune Financial may maintain positions in the securities discussed in this podcast. Furthermore, from time to time, the Hosts may hold positions or other interests in securities mentioned in the Podcast and may trade for their own accounts based on the information presented. The Hosts may also take positions inconsistent with the views expressed in its messages on the Podcast.
From Great Depression to Nifty Fifty: The Little Known Story About Simplicity Pattern, Part 2