Enesco has tough task to revive its giftware business.(Business)

0 Comments | Daily Herald (Arlington Heights, IL), November, 2006

Byline: Setarreh Massihzadegan Medill News Service Can Enesco Group Inc. survive? In default since its debt financing fell due Sept. 15, the Itasca-based producer of giftware and home and garden decor remains in the throes of a long struggle. Declining sales, falling profit margins, loss of its New York Stock Exchange listing and a costly transition to a third-party distribution center are a few of its headaches.

The stock now trades at about 20 cents a share on the over-the- counter market, near the bottom of its 52-week range of 16 cents to $2.38 a share. "I think they're trying to do whatever they can to get domestic operations back on its feet," said analyst Tom Saberhagen of Aegis Financial Corp., Enesco's top mutual fund shareholder. "They will...