[Destro]

What are you all talking about? Levis is not going out of business! Just leaving American employees (well legal residents anyway) behind for cheaper labor abroad. In fact it had record profits this year.

[L.N. Smithee]

What are you all talking about? Levis is not going out of business!

Yet.

[Bonaparte]

"Levis is not going out of business!"

Did you see the article I linked in post 18? Levi Strauss has made all the wrong moves for the past 6 years and the same management continues to fumble the ball. They floated a bunch of bonds that now have "junk" status, are trading well below par and have been shorted like crazy. This debt is now rated as "junk B."

Here is the basket they are currently putting all their eggs into. It will market at most or all Walmarts for around $30-$35. Real exciting product, isn't it?

[Bonaparte]

"In fact it had record profits this year."

From the article I linked in post 18:

The company will finish this year with just under 12,000 employees, down from 17,300 at the end of 2000. Its revenues are expected to be $4.1 billion, about flat with last year, but way down from $7.1 billion in 1996, the year that a growth spurt fueled by its Dockers brand started to run out of steam.