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COLLECTIBLE COMPANY TAKES BIG HIT IN EARNINGS
Published April 14, 1995
The labor problems in sports and its own restructuring "took a toll" on Score Board Inc. The sports memorabilia company yesterday "reported a dismal fourth quarter and an equally unsatisfying fiscal year." Score Board CEO Ken Goldin: "Our disappointing fiscal 1995 financial results masked much of the internal progress we achieved. With our overhead structure reduced substantially, improved profit margins, reduced inventory levels and the resumption of he baseball and hockey seasons, the company is now positioned for a return to profitability." Another cause for optimism, according to Jane Von Bergen of the PHILADELPHIA INQUIRER, is that one of Score Board's chief competitors, Upper Deck Co., shut down its autographed sports- memorabilia business. Score Board attributed its 4thQ loss to its withdrawal from entertainment and minor-league product categories and sports labor strife (PHILADELPHIA INQUIRER, 4/14).