I have a history with Quiksilver for over 25 years. They are #1 company in the surf/snowboard life-style. Just recently entered the juniors category with a line called Roxy. Explosive growth right now, and will continue through '98. Just acquired a snowboard company. This division will develop as a leader in '99. Lots of growth potential in their other divisions (Raisins, Quiksilver Young Mens, and Quiksliver Boys.) Wallstreet can't surf. Target price $40.
I owned this stock over 5 years ago, got in @ 14 and watched it drop to 5 where it sat there for at least a year if not longer. I got out and then the stock went to 40 within the year. I still think it is a great company but I'm just on the sidelines looking at it now.
I wanted to buy 6 mos ago for $25, and missed the boat. I was sorry, but it looks like we have another chance.
They've been mentioned as a favorite trend among teens. They were recently downgraded due to QUIK saying that they will be spending more on advertising next year. Do you have any idea what that effect will be (are they spending millions?).
I just bought 200 shares @ 25 1/2. According to the research it looks like this stock may be in for an increase...We may need to keep an eye on it however, the teens may decide they don't want their line of wear any longer....thanks for the info...