any comments on a new buyer puting the company back on track.US...

any comments on a new buyer puting the company back on track.

US investment banker, Sage Group, has been appointed to examine the options of underperforming streetware and skate group, Globe International. Globe produced a $A367,000 net profit in 2004-05, on $A206 million in revenue. CEO, Matt Hill, says the group anticipates a similar profit for the current financial year. A possible $A200 million break-up of the Australian company is among the options it is believed Sage will consider. Globe's shares are currently trading at about $A0.23, a sharp decline on their $A2.45 value in 2002