[Vision2020] FYI: Danner Boots; Chippewa Shoes

[Jeff Harkins]

Here is a quote from the La Crosse/Danner Boot line financial report 
for 2005.  (Nasdaq: BOOT):

In recent years, the Company business restructuring has resulted in 
significantly improved operating efficiencies, as it moved from being 
a manufacturer to being primarily a developer and marketer: 
increasing its outsourced production from approximately 50% to 75%; 
evolving from fixed to variable business model; consolidating its 
operations and facilities; and dramatically reducing its cost 
structure. During 2004, LaCrosse continued to trim less profitable 
parts of its business, including its former PVC boot line and related 
facility. While the remaining domestic manufacturing facility in 
Portland, Oregon, provides tremendous flexibility, the Company is 
positioned for increased low-cost, high-quality sourcing from China.


And, for those that are interested, Chippewa is owned by Justin 
Boots, Inc, which is owned by Berkshire-Hatheway (Warren Buffett) - 
one of our leading entrepreneur capitalists (yeah, they own Geico 
Insurance as well.)