How many pairs of sunglasses do you own?
Every now and then, we come across a slide in some seemingly boring presentation to a group of analysts that actually catches our attention. That’s exactly what happened when we saw this 30-page presentation filed in an 8-K by eyewear manufacturer FGX International (FGXI). But it was this slide in particular:
We can understand the need to have multiple pairs of glasses, especially as you get older. But do 55% of all people really own at least two pairs of sunglasses? And what about the 21% that own at least three pairs? So we decided to do a totally unscientific study here at footnoted world headquarters to see how many pairs of sunglasses we could find laying around. It didn’t take too long for me to turn up three pairs, though to be fair, one pair of Kate Spades is broken and unwearable right now.
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We also wanted to bring your attention to a new and interesting site that we recently discovered and which we’ve added to our blog roll: SEC Data Guy is providing some great trends on life in the land of EDGAR, which we think are worth reading. Ed’s posts on the growing number of companies that are expressing substantial doubts are particularly worthwhile. We get asked to add sites to our blogroll all the time and we rarely do. But we think footnoted readers will find SEC Data Guy to be well worthwhile.
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Posted in Tags: 8Ks, consumer |
 4 Comments » |
July 18th, 2009 at 2:58 pm
I’ve got about 6-7 with some being snap-ons. Just an artist thing.
Hey nice blog addition. “substantial doubts” is right up there with closely related,
dreaded “going concern”. Good chart at his July 14 Archive. Says it all. As if jobless
increase not a clue. Where the heck is the promised relief voted for? Oh forgot
must not criticize, that’s such a Bush era thing.
Below is a chart of total EDGAR filings in June. Filings are off 15% year over year and off 24% from the high in 2006. In a way, Filings = Business Activity + Regulations. We have not seen a decline in regulations.
July 20th, 2009 at 11:00 am
I have about 5 or 6 with about 4 of them in a normal “rotation” depending upon the mood or what I am doing (going to lunch, playing sports, on the water/beach, etc…)
July 20th, 2009 at 5:33 pm
I don’t think I’ve had a girlfriend in the last decade that didn’t have at least 3 pairs of shades. Some people use them as fashion accessories, so it makes sense. Or at least as much sense as having 30 pairs of shoes and one pair of feet.
July 21st, 2009 at 12:21 pm
My wife and I each have two pair of sunglasses. Although the screenshot of the graph does state “consumers”, is it possible they meant people who purchase sunglasses and not “all people”?