i don't see anything wrong with their report. Quiksilver is on life support. they only thing they've got left is Roxy. Time to sell the company
How many articles does Zacks need thrashing ZQK, while pumping HBI (HanesBrand). It's overkill. What is their interest or real motives? Where are the regulators?
You might be right, as evidenced by "the machine" kicking into gear to drive the price down a bit more so the raiders can come buy the company cheaper. Zack's is the most recent shill to start it's work. It'll probably take us down a bit today, then the big buying might start coming in. We'll see.
Hey Dufus, the mgmt doesn't read these boards. get ready for the day trading run ups soon...gonna be fun!
Quiksilver is a dinosaur. They're dying just like Jimmy Z, Stussy, OP, Maui & Sons before them and soon to be Billabong.
Increase the value of the company by selling it. the end is coming soon. sell the logo to someone who'll make cheap sh(i)t available at Walmart next to OP
no skateboarder would use the term "extreme sports".
instead.....SELL THE DAMN COMPANY.
quiksilver is dead. they've got no big name riders left (Dane is fading). quiksilver's future is selling cheap sh(i)t at Walmart like OP
Quicksilver is not only a surfing brand! It has always had roots in extreme sports as far back as I remember (1980's kid)! Skateboarding, BMX/Downhill, Snowboarding, Street Louge, Soap Box Derby, and all manner of crazy schidt. Just because Red Bull and the X Games brand beat you to it doesn't mean you shouldn't get into something similar to boost product awareness. Hey, if no one pointed it out to you yet, those Chinese consumers aren't so different than American consumers, and don't forget the Indians (from India I mean)!
Sentiment: Strong Buy
I thought so too. No dice. Recoveries can be slow, or not happen at all.
Bought at $2.02 and waiting for this to climb to higher levels.
They need to stop managing the company like a utility! The clothing and fashion industry is one of the most cut throat of all! Trim down the debt, buy back a big block of shares, and stop pulling money out for sponsoring lavish pro surfing tour locations and cash payouts to big names. paste smaller sums on new generation up and comers and mix up the pro surfing line-up! Central America, Indonesia, Philippines, India and the like have killer breaks (some literally) and high class accommodations cost less! Air fare is on the surfers! If the old farts haven't figured out how to invest so their money makes money, then let them be poor! Quit giving them OUR CASH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
They need to come out with a water proof smart phone, good to 20 meters, with backlit display and solar cells to recharge in the lineup!!!
BTW: I do see that ZQK is carrying some "goodwill" on the books, but this shouldn't be brand related. They didn't buy Roxy, did they? I believe they started the company back in the early nineties, but I could be wrong.
I guess it comes down to how one values a brand name like Quiksilver/Roxy, as it doesn't show up on the balance sheet. It is certainly subjective, and almost impossible to quantify perfectly. There is, however, a lot of value there, and is probably the reason why insiders seem to be holding tightly, despite tough numbers. Their money really is where their mouth is, as evidenced by their stock exercises and lack of significant selling. Based on this alone, I believe a buy-out is possible despite the very weak balance sheet.