Just like we all laugh at the seventies, we would love to go back (or go the first time). The expectations for the near term are set, wait for the buyout, so we should see a climb back over 1$, which is still cheap.. so BUY
Avoid ZQK if you want to keep your trading account healthy. I am now playing Ultimate Stock Alerts (they are in Google, do a search), they give awesome picks
Highly unlikely as I will be there in LB for agenda and know some of the employees. Quik has value, mgmt. has clearly done a poor job in past 24 months. You will see news on direction soon. I have no clue as to what may happen. But there is value there, I am anticipating chatter about the sale of the entire company or selling a brand before they start talking about BK. Delisting is a current issue with no guidance. I will wait for the PR and see how that goes. In at $0.68 for pure spec play that this gets bought out for a lot more than $0.68.
Sentiment: Strong Buy
Read between the lines....the new team knows what is going to happen as they have no more options whether self fulfilling prophecy or going for the sure thing it’s moot now.
They’ll be fine, in fact they’ll be awesome when goes back to being private. They will make huge salaries with handsome benefits packages & parachutes that even the current buddy buddy Quik board could not approve due to SEC regs.
It goes private and later sold via a IB deal (they love public co’s that go back to private, nice and lean and ready for harvesting large profits QUICKLY for new suitor as the employees are stuck being tool bags with no control of own future as the deal gets shopped) will even offer a 0% bridge fund with 100% sales contingency if need be.
The old dudes chill in France or Fiji for two years making huge salaries + bonuses then get paid again (like another IPO to them) upon acquisition then jam out after the lock up period and due another lifestyle brand with same cronies using cool technology focused on a wider audience – not just surf so more sales potential of generation m and no concern of non compete.
No ones is doing the $1.00 salary or inside buy. That type of going concern thinking got shown the door.
I just bought ZQK at .59 for the main reason the brand is too strong not to be bought. I feel it has value and if it goes lower I live with it. I would like to know what is selling price to buy the brand because someone is going to make money rebuilding it! good luck longs and hope we see 1.00 before .50 :)
Sentiment: Strong Buy
There is a basement but it has a big gaping hole in it. Out of the S&P SC600 she goes and all of a sudden there's a lot less investing going on. Rather divesting. With BK a real possibility, this really doesn't have a solid bottom until there's some sign of ZQK coming to grips with survival reality: which is to divest of some assets. But if you read some of the contributors on this board carefully - they're really insiders mind you, I mean, what's said in Huntington clearly doesn't necessarily stay in Huntington - then you know there is no appetite whatsoever to sell anything. Then, you look at the past behavior of all the current surfers in charge, and you know that shareholder value, and employees isn't something they particularly really care about. That's always the problem when all the individuals in charge already are already multi-miljonairs...there's nothing personal at stake...especially when your options, RSU's and what have you are totally under water anyway.
The Business Insider reported that big investors in the U.S. are fleeing stocks.
In a note Tuesday, Jill Carey Hall at Bank of America Merrill Lynch (BAML) wrote that the clients' net sales of US stocks amounted to $4.1 billion last week, the largest total since January 2008.
Most of the selling is being led by institutional investors (the Big Boys).
Yes, but there should be buyers for the institutional selling, and there are not too many big blocks out there. That i why i think $.60 is the floor........hopefully there is no basement!!