Spinrite finds growth in fancy crafts yarn category vs. Spinrite in nasty spin cycle as slow demand sparks flood of low-priced yarn

Canada : Spinrite finds growth in fancy crafts yarn category
fibre2fashion - March 31 2006

Craft yarn producer Spinrite Income Fund announced its financial results for the 13 weeks ended December 31, 2005, and for the combined 52 weeks ended December 31, 2005.
“During the fourth quarter, we encountered significant challenges related to lower consumer spending and high retail inventories primarily in the fancy yarn segment,” said Dario Margve, President and Chief Executive Officer.
“In the first half of 2005, growth in the craft yarn category was very strong, particularly in the fancy yarn segment, and the Fund’s financial performance reflected this growth.” [more]

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Spinrite in nasty spin cycle as slow demand sparks flood of low-priced yarn
CBC News - March 30 2006

Spinrite Income Fund (TSX:SNF.UN) is trimming distributions to its unitholders by half and seeking relief from its lenders amid an sharp drop in consumer spending on fancy yarns that is having a profound effect across its market.
That news and a bleak financial report sent Spinrite units down nearly 50 per cent Thursday to $2.70, the lowest price since the fund was created and its units began trading at $11.01 in February 2005. [more]