| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Cornerstone Brands, Inc. |
| 415 Congress Street, Suite 600, Portland, OR 04101 * (207) 780-6585 |
| The company is a family of seven leading direct marketing companies that offer high quality home, leisure and casual apparel products, primarily through catalogs. |
| Manager | Tier | Phone |
| Nationsbanc Montgomery Securities, Inc. | Lead Manager | (415) 627-2100 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Employees: | 860 | Retail: | SIC 5961 | |
| Type of Shares: | Common Shares | Filing Date: | 8/26/98 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $90,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: |
| Issuer's Law Firm: | Hale and Dorr |
| Bank's Law Firm: | Ropes & Gray |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 1/31/98 | 8/1/98 | 8/2/97 | 8/1/98 | ||
| Revenue: | $216.34 | $104.60 | $80.81 | Assets: | $149.31 |
| Net Income: | $9.51 | $4.50 | $4.98 | Curr Assets: | $58.42 |
| EPS: | Liabilities: | $58.56 | |||
| Prior EPS: | Curr Liab: | $57.24 | |||
| Cash Flow/Oper: | $8.91 | -$3.99 | $1.76 | Equity: | $90.75 |
| Cash Flow/Fin: | $37.29 | $8.02 | $35.11 | Cash: | $2.01 |
| Cash Flow/Inv: | -$52.57 | -$6.89 | -$42.42 | Working Cap: | $1.19 |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay bank debt, and for working capital and for general corporate purposes including possible acquisitions. |