Many outside-of-the-industry commentators seem to think so. In the business section of Canada's Globe and Mail newspaper, economics journalist Rob Carrick suggests investors in oil stocks move into two wheel retailing....
When gasoline prices surge, do bike shops benefit?
"One of the really grating things about high gasoline prices is that there’s no easy way to make back your money through shrewd investing," writes Carrick in a story in today’s paper.
After a further 900+ words on oil stocks, he concludes:
"You’ll have to be more creative if you want to profit from today’s high gas prices, though. Ever thought about opening a bicycle shop?"
In other news...
Wattbike has announced the appointment of Greg Nieuwenhuys as chairman to help drive the company’s …