WRC: Dodges a Massive Torpedo

08/13/08 04:02PM EDT
Was I the only one who saw a PR nightmare brimming for Warnaco at the Olympics on Wednesday? After Michael Phelps leapt in to dolphin-kick into another gold medal in the men’s 200-meter butterfly, his Speedo goggles’ suction failed and immediately filled with water. After starting in second place, The Man took the lead and never looked back – despite the fact that his specs took on water faster than the Titanic. It’s a good thing he can swim faster than I can drive.

Could you imagine if Phelps lost? Last I checked, Speedo sells more goggles than swimsuits. That’d also be a tough way to get out of paying Phelps the $1mm bonus it offered him to match the 7 gold medals won by Mark Spitz in 1972.

If a PR nightmare actually came to fruition, maybe WRC would need to rethink that new HQ it is investing in for Speedo at the peak.
© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.