Looks like ZQK is following other notable retailers that experienced big revenue declines as a result of trying out a new business model from CEOs that came from elsewhere. ZQK is following JCP and ARO in firing their CEOs and perhaps going back to their old business model.
I think Mooney was a lot better CEO than the ousted JCP CEO. Although ZQK revenue declined significantly, it was showing strong EBITDA. Hopefully, the new CEO will be able to merge Mooney's idea with ZQK's old model to make it work.
Funny to always see everyone guess. Why not get to the source and get the scoop. So I did. Everyone on their campus is relieved and today's Happy Friday. Mooney didn't get it, made lotsa unpopular calls, no one understood the product and mktg centralization to France. The people that do get the business are back in charge. This is hugely positive news and as usual the Street doesn't get what's what.
Probably not. Shareholders are always the last in line. Rhone has a hell of a lot of $$ tied up here so
hope this thing has been fully thought through. And remember, T Rowe Price has a huge investment in ZQK!
Sure thing cayman. Here on South Beach the majority of shorts I see are ZQK. Not to mention the bags I see on the bicycles after their purchase at a store. ZQK closed the expensive store in Lincoln Mall and kept the Ocean drive location.I personally have a least five shorts and two wetsuits and USE the product. BTW I'm old enough to have seen the whole surf culture blossom. I picked up all my shares at $1.70. I plan to hold them
when I mentioned Costco/Wal-Mart, my point was that quik can now sell clothing in the mid-west and all folks that have never seen the ocean or a ski slope. In the old days, a company like OP went to the mall and died, and ZQK does not have to pay King Kelly Slater his huge salary anymore (the Slater family are personal friends of mine)
quik is a brand that has value not to mention the real estate holdings that will allow management to access capital as the restructure this company . zqk has lots of options that favor share holders over time .shorts you may have some good trading opportunities here but be aware a door can close quickly on this trade as we all realize the company has lost od desirable assets that would be a solid move for many other retailers to jump on so dont be to surprised when this company is bought . i welcome every short position by any interested party my shares are available to barrow as of now to set your trap good luck
cayman; I"m over 35, lived east/west coast and Texas; Quik is the hottest thing around, and now they've hit Wal-mart/Costco, heck I used to think 3 bucks was cheap, so I accumulated.............I think I sold 40K shares in the 2.25 neighborhood, got back in last week at 1.60
More of a signal of the strength of your intellect. Which means, if I were to take someone's advice when talking about my money, I would hope they could spell something crucial. Like the company name. Sorry your short didn't work out for ya.
you don't know nothing about this business then! Let me help you, it is not about the T-shirt! see this brand is for surfing and snow sports only! it makes money out of that, nothing else matters.!