August 26, 1995 |
L.L. Knickerbocker stock lost nearly 24% of its value Friday in heavy trading, continuing a weeklong slide. The stock fell $8.75 a share to close at $28, with 429,100 shares changing hands on Nasdaq. In the last week, Knickerbocker stock has tumbled nearly 38% from its Aug. 18 close of $45. "The stock has been up a lot lately, but now people want to get out," one trader said.
December 29, 1995
L.L. Knickerbocker Co. has signed a $5-million agreement for Elite Resources Ltd. to distribute Knickerbocker's video series on modeling to established retailers or marketers. The company said Elite Resources will purchase a minimum of 180,000 sets of the video series over a 12-month period immediately following the initial purchase. The series, Secrets of Modeling A to Z, consists of five videotapes with a model's manual in a sealed master pack.
August 15, 1997
L.L. Knickerbocker Co., which markets collectibles, jewelry and accessories and consumer products, reported a loss of $561,000, or 3 cents a share, for the second quarter, contrasted with profit of $758,000, or 5 cents a share, a year earlier. The company said expenses increased primarily because of jewelry manufacturing operations purchased in 1996. Revenue more than doubled to $17.6 million from $7.4 million as the company's production increased.
August 11, 1999
The Lake Forest-based seller of collectibles narrowed its losses in the second quarter on flat revenue. The company said it lost $1.1 million, or 4 cents a share, for the three months, compared with a net loss of $2.7 million, or 14 cents a share for the same quarter last year. Revenue was virtually unchanged at $13.4 million.
June 29, 1999 |
Shares of L.L. Knickerbocker--whose stock once traded above $15--have sunk to new lows as some large debt-holders moved this month to dump shares and short-selling activity surged to a four-year high. The Lake Forest company's shares closed Monday at about 22 cents, up 2 cents. The stock has lost 65% since May, hitting a 52-week low of 19 cents Friday on the Nasdaq.
June 2, 1998 |
Lake Forest-based L.L. Knickerbocker Co. said its Arkenol Asia joint venture and Central Resource Northern Development Corp. of China signed a letter of intent for Central Resource to invest at least $10 million for about a 5% interest in the venture. The transaction, scheduled to close Oct. 31, is subject to a definitive agreement and a feasibility study by China's Ministry of Agriculture, as well as approvals by the Chinese government and Arkenol Asia's board.