Another Bit of Childhood Bites the Dust

This is sad for me personally, since I grew up riding a Huffy ten-speed...

Bicycle maker Huffy Corp. said Wednesday it filed for Chapter 11 bankruptcy protection in the wake of widening losses.

Huffy cited liquidity issues and losses associated with some Canadian operations among the reasons it needs protection from creditors as it seeks to reorganize.

Huffy recently sold its basketball-backboard unit, its customer service division and part of its Canada-based Gen-X business, which makes equipment for golf, snowboarding, inline skating, skiing and hockey. Huffy also sold the Gen-X name.

I can only do one thing... Blame Canada.