Wednesday, October 13, 2010
Dapai
Dapai: -10% at $0.22 on large volume. Issues profit warning for 3Q10. Says luggage sales affected as two major suppliers were unable to meet orders due to labor shortage problems. Notes special discounts on backpack pdts given to distributors to compensate for losses arising from the luggage shortage. Intends to build a new mnftg facility specifically for luggage pdts to prevent repeat of problem.
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