Calling out a woman in front of a room full of men was a punk move by a coward named Bob McKnight.
No, just a simple shareholder and concerned about a very low price. My posts in 2009 were about a company bought by Google. Haven't posted since after that transaction, working too hard at my job.
You are very watchful but looking at your posts, you have only one post since 10.31.09
Maybe you have other ID's?
Not an expert TA person, but something happened at session's end. Volume spiked at 3:50 pm, price popped by $.04, then 5 mins before closing was driven down to close $.01 higher. Someone is buying, even if 100,000 shares, that's a plus. Wishful thinking, haha?
I agree with hpwamrs look at a 3d/30m chart see the flag with a "price average crossover" signal?
Rossi acquisition was a bro bro deal with McKnight and his friend. It also gave them Cleveland golf and that's another sport McKnight wanted to get into. DC is the most profitable division for Quik.
I doubt that DC Shoes will bring anything near to satisfy ZQK's debt, which is enormous. Again, while we individual stockholders are on the hook here, the key is Rhone which sunk a huge amount of $$
into ZQK. I never understood why. I was vehemently against the Rossi acquisition (and so wrote McKnight) for which ZQK vastly overpaid, Leaving us, I think, we we are today. What next?
His SIMA speech is wacky. The best thing these old fools in the "surf" industry can do is step aside and let some new, smart blood take over. ZQK will NEVER make money as long as these old farts continue to run, I mean ruin, the show.
really Hurley does nothing for Nike? They just took over all of Nike's surf team after Nike pulled the plug on their Nike 6.0 experiment.
probably didn't realize Volcom was a public company too? That they sold to Kering in a great timing and now don't have the pressure to meet shareholder demand. Also realize Vans is a subsidiary of VF Corp and they just broke $1 billion in annual sales. Says quit a lot that Quik needs to find a buyer if they want to thrive and not turn into another bankrupt brand that gets scooped up for pennies then brought back to sell #$%$ gear in Walmart like Op.
I think if you asked NIKE today, would you have bought Hurley, knowing what you know now, they would have never touched it. Hurley does nothing for NIKE...it's been relegated to be managed deep inside the Sportswear business unit somewhere. A bunch of tees, hoodies, board shorts and caps with no growth whatsoever to show for it in the last several years. Sorry, but I very much doubt the NIKE's/VF's of this world will touch this...NIKE has not proven to be comptetent in M&A (they got lucky with Converse growth-wise, but not even that one is a happy marriage...talk to anyone at Converse)...hence only divestitures in the last several years..they now seem to focus more on technology M&A to benefit the NIKE brand. VF...it could potentially be interesting to create apparel synergy against VANS being primarily footwear...much in the way they have done between TNF & TBL. But then, there is all the debt...not sure VF would want to take that on. For VF it would be great to just pick up Quiksilver (after DC etc. have been sold on to satisfy the debt), give it to someone the likes of Kevin Bailey (who's behind the VANS ascent) to manage in addition to his VANS duties, and Quiksilver will quikly shine again.
Didn't realize this but Hurley and Volcom are subsdiaries of Nike and Kering respectively. Was in Orlando over the weekend and went to two of their stores. Very good product and it was evident that they have deep pockets.
Seems to me that the likes of Quiksilver and Billabong need to find a rich uncle to move them forward. I just don't think they can compete in today's market without that kind of financing and production/distribution channels.
Other company's in the industry are green. Quiksilver on the other hand has not been profitable for well over six years. They got a long way to go, but in time if they stick with one direction for the company turn-around, start restore investor's faith, and stop missing earnings they can create a new company centered in France that will be profitable one day.
Focusing on matching competitor's wholesale channel growth (getting passed up....Billabong up 9.5%).
Restructure retail sale locations and focus on retaining US regional channel sales individuals (many in North America have left for Billabong and Hurley).
Get a great CFO to work with the newly promoted CEO. On Marcy 27, 2015 both the CEO and CFO left the company, then promoted out of Quiksilver's France office Pierre Agnes. He is underwater as it is, so.....
The lawsuits maybe meritless, but I think it behooves a company in active litigation of this type to say very little,if anything, for the duration of the lawsuits. That is what I would advise ZQK if I were their attorney..
Oh boy, our family has scene this as well. Some of the links go to DC Shoes rather than Quiksilver for special sales. It tripped me out, looks like the page was for the correct brand but resolved to another. It was kind of wonky and there was only 3 items for sale with odd sizes and colors anyways. Just unload those items to discount wholesale and be done with it, why spend advertising money on them if the web site does even work. It's not what Quik is or good at , they are not a web company and really hurts the brand and wholesale channel. We need a focus on low hanging fruit in wholesale.
I respectfully disagree. The 'lawsuits' have zero bearing on whether ZQK publishes anything. These 'lawsuits' bear zero ground and are issued by shady law-firms who are the PR tools for the Shorts. ZQK simply took GAAP corrective action on a revenue recognition (timing) issue, and all is well and legal with that and had zero impact on quarterly numbers as a series.
The bigger issue is that ZQK has no publicly-listed professional handle on PR in general and Investor Relations in particular...which would have otherwise led to a more frequent issuing of business status and updates.