by The Editors on December 30, 2007
We’ve seen the van driving around Carlsbadistan (at least we think it’s a van) with the words “Carlsbad Gourmet” on the side. While, we’re not saying that the two words are an oxymoron we will admit that they always seem to make us grin a little. Sadly, we never followed up on it. Now we get to learn all about Russ Brhun’s Carlsbad Gourmet from an interview in the San Diego Union-Tribune.
In 2003, Russ Bruhn founded Carlsbad Gourmet, a business that primarily makes food products with strawberries. Bruhn, 45, has come up with recipes for strawberry spread, strawberry-ginger mustard, strawberry-honey-mustard salad dressing, strawberry hot sauce, strawberry barbecue sauce and the company’s newest product, strawberry balsamic vinaigrette.
Click the link for a story we should have brought you months ago.
[Link: San Diego Union-Tribune and Carsbad Gourmet]
by The Editors on December 29, 2007
Carlsbad-based software company Document Sciences has been purchased by EMC Corp. of suburban Boston for $85 million in cash according to a story in the San Diego Business Journal.
The $14.75-per-share offer is a 79 percent premium on Document Sciences’ Dec. 26 closing price of $8.24 per share. . .The deal still needs stockholder and regulatory approval, and is expected to close in the first quarter of 2008.
Happy New Year to Document’s stock holders. We like 79 percent premiums.
[Link: San Diego Business Journal]
by The Editors on December 29, 2007
In a report released late Friday, Carlsbad golf clothing designer Ashworth Inc. announced that it only lost $3.9 million in the last quarter. And they are apparently happy about this. Ashworth said:
. . . its new management team is working on a turnaround plan to return the company to profitability. The plan will ‘take hard work and time and may result in short-term peaks and valleys,’ said Ashworth.
Darn, those pesky short term peaks and valleys. . .
[Link: CNNMoney.com]
by The Editors on December 29, 2007
Carlsbad-based development company Foursquare Properties has just purchased the Bellevue Mall in Nashville, Tennessee for $28 Million according to as story in the Nashville Business Journal.
The company can now proceed with its plans to transform the struggling mall into a $100 million open-air lifestyle center. . . Nashville’s Metro Planning Commission approved Foursquare’s plan in October. .. . The plan is to turn the enclosed mall into a lifestyle center with major retail anchors. Macy’s department store will remain and continue to own its property.
[Link: Nashville Business Journal]
by The Editors on December 19, 2007
Okay, we don’t know that he sold them because it was Christmas, but David F. Hoffmeister, the CFO of Invitrogen sold 27,909 shares of his company this week at around $95 each, “in a Form 4 filed with the SECIn a Form 4 filed with the SEC. That’s means he freed about $2.6 million. Happy Holidays.
[Link: Motley Fool]
by The Editors on December 11, 2007
We like the Encina Power Station Smoke stack. But NRG‘s new plans for the location do not require water-cooling or a 400 foot tall stack. But they do require approval from the City of Carlsbad. So what should the City of Carlsbad do about these new plans? According to a Barbara Henry story in the North County Times, they’ve decided to spend money on consultants.
. . . the City Council agreed to spend $200,000 on outside consultants to investigate a new Encina power plant proposal that’s been submitted to the state Energy Commission.
Here is some free consultation: we for one are not interested in any NRG plans that call for 100 foot tall smoke stacks. Seriously, who is that going to impress?
[Link: North County Times]
by The Editors on December 10, 2007
The City of Carlsbad, the organization that seems to love the idea of a desalination plant in the lagoon, is now asking Carlsbadistan residents if they like having the Encina Power Station there at all, according to a Barbara Henry story in the North County Times. They’ll ask the question in a mailer that is going out this week.
“If you didn’t have (the existing power station) there today, would you put one there or would you put it elsewhere?” said Joe Garuba, who is managing the city’s involvement in the proposal. “We don’t have the answer to that question, but we think it’s an important question to raise.”
Personally, we love the iconic nature of the power station’s 400-foot-tall smoke stack. It’s like mythical, benevolent guardian standing watch over Carlsbadistan and reminding everyone where they are, or how far they are from home. Unfortunately, NRG Energy the station’s owner, has plans to remove the station and the stack and put in a new 520-megawatt plant that would be “not very noticeable.”
What do you think? Let us know in the comments.
[Link: North County Times]
by The Editors on December 7, 2007
In a proposal that will be presented to the Carlsbad City Council, Legoland is asking permission to allow up to 275 guests to camp inside the park in 80 to 85 tents, as well as trying to limit the City Council’s power to approve future ride development. The Carlsbad Planning Commission has no problem with it, according to the North County Times.
Park general manager John Jakobsen said the nightly campout sessions would mostly take place during the summer and would only be open to amusement park visitors.
We agree with Commissioner Bill Dominguez when he says that Legoland’s new owner Merlin Entertainments Group — is “really untested at this time.” So now may not be the best time to give the Merlin unchecked freedom in developing the park.
[Link: North County Times]
by The Editors on November 30, 2007
Callaway Golf Company announced yesterday that they are planning to buy back $100 million more of their own shares.
The buyback replaces a previous $100 million stock repurchase program announced in June. To date, the company has bought about 5.3 million shares under that program at an average cost of $16.87 per share for $88.9 million. . . As of Oct. 31, Callaway had about 66.3 million shares outstanding, according to a regulatory filing.
[Link: Money.com]
by The Editors on November 29, 2007
Fans of Carlsbadistan’s best little restaurant, Le Passage, already know that owner Michelle Rocca has sold the business and is leaving Carlsbad. In an email to her best customers she hinted at exactly what she is up to:
I’ve been traveling to Australia for over a year now each time falling more and more for the country and the people, one in particular, and have decided to move to the Barossa Valley in March 2008. I know this move will be very hard not only on me but my family and friends, I also know that if I don’t go, I’ll never know. . .So, it is with a heavy heart that I wish to say good-bye and thank you for all the great times that we have shared over the years.
As a way to say good-bye while at the same time introducing Le Passage patrons to the restaurant’s new owners, Laura and Drew Reyer, Rocca and Sous Chef Frank Decker hosted two nights of what she called, The Last Supper. The invite-only dinners (held last night and tonight) included some of Le Passage’s finest creations including seared scallop salad, mac -n- cheese, Kobe sliders and chocolate decadent cake.
Michelle Rocca (left) with Le Passage’s newest owners Laura and Drew Reyer.
The first question fans of Le Passage ask when hearing that Rocca is leaving is will the restaurant change. Rocca said that she has confidence in the Reyers. “I interviewed several potential buyers and actually turned some down because it was like, no way. That’s why I’m happy about Laura and Drew,” she said. “Of course, a part of you always wants to be missed a little, but I think they’re going to be great.”
[click to continue…]
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