From Great Depression to Nifty Fifty: The Little Known Story About Simplicity Pattern, Part 2
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 lessonsEpisode resourcesGlamour Stocks Under Pressure, New York Times, 8/1/1971How High Is High? How High Is Safe?, Forbes, 4/15/1972A Fund Optimist Looks at Stocks, New York Times, 2/5/1973Nice Troubles, Fortune, 10/1/1973Market Place: Simplicity Out of Fashion Now, 2/8/1974A Resurgence in Home Sewing?, New York Times, 5/19/1974Market Place: Insiders Offer Investing Clues, New York Times, 5/27/1974Price Rises Set by Uniroyal Tire, New York Times, 8/15/1974Simplicity Pattern Names Head, New York Times, 10/11/1974Butterick’s Evens, New York Times, 1/19/1975Making It With Patterns, New York Times, 1/19/1975Simplicity’s Glynn, New York Times, 1/19/1975President of Simplicity Resigns, 7/4/1975SYP Promotes Executive VP Harold Hooper to President, New York Times, 7/11/1975At Simplicity, Pattern is Still One-Man Rule, New York Times, 7/19/1975Market Place: Seeking Undervalued Assets, New York Times, 2/14/1976Market Place: Picking a Trend for Simplicity, New York Times, 2/28/1976SYP Annual Results, New York Times, 2/26/1983Simplicity Pattern Buys a 9.9% Stake in Amstar, New York Times, 6/18/1983Simplicity Changes Name to Maxxam Group, Inc, New York Times, 6/9/1984Triton to Acquire Simplicity Pattern (Maxxam), New York Times, 7/18/1984Tougher Than the Rest, Time, 2/8/1988A Raider’s Ruckus in the Redwoods, Fortune, 4/24/1989A Pattern Maker’s Buyout Burden, New York Times, 9/2/1989Reaping from Sewing, Forbes, 5/25/1992Additional readingAlong 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, 9/3/2020Executive Training Grounds Part 1: General Electric, Douglas Ott, 6/6/2023Secular Growth In The Pet Industry, Lawrence Hamtil, 9/19/2023A Few Thoughts On Auto Parts Retail, Lawrence Hamtil, 4/22/2023Imperial Brands: Looking Through the Noise, Devin LaSarre, 10/8/2023Scandinavian Tobacco Group: The Artisanal Serial Acquirer, Devin LaSarre, 7/2/2023Enjoy this episode? Share it with someone who loves business history as much as you do!You can also follow Preferred Shares, Devin, Doug, and Lawrence on Twitter.DisclaimerAll 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. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.preferredsharespodcast.com