NYSE woes for Huffy

Not all is well at the Ohio basketball-to-bikes company. The latest bit of bad news is an early warning letter from the New York Stock Exchange...
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The letters says that with the recent decline in market capitalization and the anticipated significant loss in the first quarter of 2004, Huffy Corporation could fall below the Exchange's continued listing criteria as outlined in the NYSE Listed Company Manual. The letter, which stated that "no action is required at this time," also indicated that Huffy could expect to receive formal notification from the NYSE should it trigger any of these criteria, and identified the actions and timelines that the company would have to take in order to return to conformity with the Exchange's continued listing criteria.

http://www.huffy.com

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