There is no reason for quik to have the low price earnings ratio it has currently. This company has had consistent, tremendous growth for the last couple years and there is no end in sight. Their ROXY line for women has caught on BIG!! Also, in the past their profits have been weekened a bit by Europe's declining currency values. Their IR dept. said that the snowboarding division is doing better than expected. Lastly PACIFIC SUNWEAR, their largest account in the U.S. is adding 70 NEW STORES THIS YEAR. I bought more of this one with full confidence we have a nice steady rise of 50% gains by next year. If anyone has more info please post, whether it be bad or good, as long as it is true.
i see little talk here of their snowsports division. it's a small part, percentage-wise (5-10 million?) of a what, 200 million company? nonetheless, it must affect them seasonally. news: they just hired a respected designer from another snowboard company for their winter clothing. the board company they bought is producing on time and should ship on time. but the market is still soft in my estimation. if they stick it out (i feel good that they will) they will be one of the 10 or 12 brands still standing. they are still trying to sell a unique boot/binding system that has not been proven in the marketplace.. they have shown it at trade shows and to dealers for 2 years, but have yet to ship it. they CLAIM it is the 3rd most popular in the world, based on orders - but of course LAST based on shipping/sell-through. again, this is a small part of the whole picture, but i wonder how long they will stick with this idea.
yes the snowboard market is soft but the industry is consolidating. snow division will not be big on the bottom line for a few years to come. the ARCANE boot and binding system is AWESOME. the first batch of ARCANE was delayed because of a problem in the mold. i received a new production set in april, went to vail and had a blast. i've tried just about every step-in on the market and its the BEST. management is focused and determined to make this division FLY.
RE earnings; quik is shipping better than ever!! new large shipping facility, great products, and no exposure to asia = earnings suprise??