Im out of here....good luck...tried to trade it but it aint going anywhere but down...good luck
Dissent is not allowed and the truth is ignored and suppressed...If you want to be on the 'team' you better drink management's kool-aide.....
Sentiment: Strong Sell
Employees better stay off Y! during employment biz hours hours at least....... (too late now your ID is linked to post already so can't do it from home now)
Not the time to be risking spinning, misrepresenting yourself, or what ever your trying to do. Most HRs will inform explicitly, but is covered in standard internet usage and company confidential and proprietary clause for employees types and if you hold a management position you can be removed from duty rather quickly (fired on the spot in some cases), if a director, VP, or officer the company you will wish to only be fired.
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According to the company:
Based on management’s current assessment of the business, the Company is rescinding its previously stated financial guidance for the fiscal year 2015. The company has posted net losses for the past three years, perhaps longer than that. "Quiksilver is a serious viability concern."
Yeah, they took a boat load of money from me too.
That is the story the CEO fed you, but it is not the facts. They said the biggest prob was North America, the dollar has been trading favorably for over a year now. It is just another excuse, the CEO was promoted from within, the entire operation is a mess. The stock has lost over 85% of its value over the last few years.
At this point, I am not sure you want to just write it off by selling. USD has been reversing its course and has been weakening throughout the second quarter of 2015, already down more than 7% since hitting bottom in March. The negative currency headwinds for ZQK should be reversing and perhaps even allow the company to meet its back-half 2015 targets earlier.
Remember, new CEOs want to throw out all the bad news and the kitchen sink to start fresh.
this is a 6 year low on good volume. Panic and margin call selling are evident.
This is my entry point. Best time to buy.
Sentiment: Strong Buy
company has been gutted. it's a sinking ship. time to throw in the towel McKnight. sell the brands while you've got a chance.
You are very brave to hang on at this point. I nor anyone have any knowing as to institutionals hanging on. That should not be material to your thesis. They don't typically know more than you do in this situation. Personally, I was always going to sell right after Q2. I did expect a better result and a bounce to 1.75-2.00. I got out this morning in the pre at around a buck. There's no reason to expect a short-term asset sell which is the only thing that could help the stock bounce back. Everything else...the market, the fact that they're not a fall/winter brand, the old management, the debt, the poor distribution and operational management, it all points at lower lows in the upcoming months.
Sentiment: Strong Sell