Agreed, shorts are having a field day with this one. New targets look low but it is what it is. Takeover target at this price for sure.
I am with you, romanojack. I've made the same point recently. I believe DC to be worth 500mio+. If you sold anything, DCwould be the logical first step. Footwear margins run 5-10% below Apparel margins. DC would be snapped up in a second. Bam - Debt/Equity back in-line. Then you focus on Apparel. It's a lay-up.
They could potentially sell their DC brand and this could go a long way toward addressing their balance sheet. And this is completely within their control. Management really has to look at this.
The market doesn't seem to have much credence to a restructuring along those lines. They have had large vocal shareholders implore them to do something. Why wouldn't they?
dstategovernor, the ZQK board generally fills with meaningful contributions. Unless can show us your analysis as to how this company could possibly see that kind of a share drop, I'm sure there is a logger camp somewhere deep in an Oregon forest that can use your contributions better than we can here.
Hopefully they did not listen to the pumpers on this board and were discipline retail investors and got out 100% or sold the majority of their shares the past six months. Take the hit and right off the lost then invest what is hot, real hot stock market the past year why stick with a company that has lower and lower sales and can't even ship product or function, from accounting to marketing to board members trying to create & execute management plans. Epic Failure.
It is amateur hour at ZQK just like the trolls on this board (they don't know what they are doing). No one listens to the paid pumpers this last year and half for each of the #$%$ quarters and that is why it's going to be delisted from NASADQ
What a disaster. I love Quicksilver and will continue to wear their gear as long as the logo is around. It is synonymous with Huntington Beach and for that I love. I thought this brand was unbreakable and with the executive shake-up recently I thought something was brewing. Didn't see this at all. Agree with everyone that they should trim the fat and get back to what made them great. Either way, this suppression is market driven. Any sign of life will bring it back over $1. I just need that target to get out with dignity. Hate to be in this position, but I gambled a bit with the earnings report and it didn't bode well. Go see RMTI if you want a sure bet, left it to make a quick buck and wish I hadn't.
This company still has some value as well as debt. Drexler being their biggest advocate for a sale may get his wish. However, if you are in this stock at an avg of $2 and are waiting this out, not sure how much the sale will generate given the future of this company is unknown. Selling assets may be another solution as well as dilution to reinstate a plan and execute it. Not sure that the street wants to hear a new plan to save the company. So you will see a SALE of the company or SALE of DC. But they will avoid BK as much as possible. Nasdaq listing requirement maintaining a PPS of $1 or more will become an issue eventually, but you should see some positive PR soon. Management will come out and speak soon. They cant let this go below $0.50. I got in @ $0.68 p/share, betting on Buyout and positive PR to get this back to $1. Risk vs Reward place your bets. GLTA
Sentiment: Strong Buy
We are about to dive into the close, in the $.69+ range, can we put back on another 6 cents tomorrow? Be a fair finish to the week at $.75, and a bounce off the bottom. I get the feeling we are heading toward 2$, but $1.00 first.
There was no substantive change in the last week, except the upcoming exit from the SC600. A sub $1, is a sweet buyout number. Anyone have a concrete reason Quicksilver should stay below 1$ for more than a week?
today we may breach $.50, but i believe the finish will be in the $.70s...buy in the low $.50s, buy lots!!