Reflecting back on the year, it's great to see Quik push through in 2010, stock up 150%. In the near term, outlook and measures are better, the old guard cynics have tempered their discontent, and it appears that Management has found a new lifeline in the form of a potential Acquirer.
The thesis for taking the Company private at this time has merit; management has done solid work on the balance sheet and partial good work on the P& L - the cost structure. However, they have yet to figure out the demand side with respect to a reshaped consumer which is repositioning them downmarket somewhere between medium to low on price. The trend line shows sales dropping off quarter over quarter, that's their biggest challenge - realizing gains to sustain value.
My POV, without any new growth assumptions, moving private at this point makes better sense than wondering the halls in 2011.
You have to remember that there are still very many shareholders who are holding w/big losses, hoping that in time they can get even (at least). Any takeover now, even at a premium to current price, would be anethma to them. They would, I believe, like me, oppose any takeover which starts at the current low price. Obviously, I am not in the group described as "150% up".