A friend just sent me a link to this article — ‘Bicycle sales boom in US amid rising gas prices‘. Here’s the crux of the article:
More bicycles than cars have been sold in the United States over the past 12 months, with rising gas prices prompting commuters to opt for two wheels instead of four.
Not since the oil crisis of 1973 have bicycles sold in such big numbers, according to Tim Blumenthal, executive director of Bikes Belong, an industry association.
“Bicycle sales are near an all-time high with 19 million sold last year — close to the 20 million sold during the oil embargo in the early 1970s,” said Blumenthal, whose association is based in Boulder in the western state of Colorado.
The US Chamber of Commerce says more bicycles have been sold than cars over the past 12 months.
So of course the first thing I did was go look up the stock of Cannondale. But much to my surprise they’re no longer trading on the Nasdaq and are now listed on the pink sheets (ugh!). I haven’t been able to think of nor find any other bike company stocks. Does anybody know of any pure plays?