Update for Summer Infant (SUMR) from Roulston Idea Forum

December 20, 2011

A Boston-based portfolio manager presented Summer Infant (NASDAQ: SUMR, $6.99) at a Roulston Research idea forum in February.  This designer of branded baby and toddler products reported solid Q3 results.  Key takeaways from the quarter include:

Sales were up 27%, and most of the gain was organic (the company made a small acquisition earlier this year)

International sales are strong

There is less customer concentration now

The company’s new baby car seat will be ramping up in 2012

SUMR has been paying down debt since 12/31/10 and reduced it by further $3.6 million in Q3

The company will launch a category killer baby monitor w/free internet viewing capability world-wide on various devices. Customers will pay 1-time $350 for product and then the family will be able to see the baby from anywhere without paying monthly or any other fees

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