This company is the leading surfwear company, and
has been since the days I first bought a pair of
board shorts when it was uncool to use a leash. 20
years out of college, and with 2 kids learning to surf,
the company is still the leader in the industry. This
is the "coke" brand in the industry, and the cool
thing is girls love it too. All you pundits are bagging
on the CEO, his vision, business plan and execution
just dump your stock. The big boys know a winner when
they see it. Go down to the beach and go out in the
line up and talk to a few customers of the brand and
get some real research. The CEO is the best in the
industry, and the brand hasn't lost it's appeal out in that
line up. Many investors who are in the board rooms of
non-surf companies in OC only wish we had this strong
brand as McKnight and his boys have built over the
years. If you don't like the investment go buy some
Ocean Pacific tee shirts.
This is one of the oldest tricks in the book. As
you know, ZQK books income at the time inventory is
shipped out of their warehouse. If one wanted to increase
income for the quarter, they would pre-ship orders, and
book the income immediately. Although income will be
inflated, so will the accounts receivables. Cash flow will
be affected since ZQK cannot collect on the
pre-shipped orders until after the date the inventory should
have been shipped. If the accounts receivable numbers
are unusually high, this confirms the fact that a
large amount of orders were pre-shipped.
In a couple of prior messages you indicated that
ZQK was trying to force its customers to take extra
inventory off their hands at the end of the quarter. Would
you mind telling me how you came to have this
Re: Hurley and Billabong. The one who gets hurt
is Billabong. Hurley took a lot of top line from
them but they will come back to some extent.Billabong
will never be what it was under Bob Hurley. As far as
others in the industry are concerned I'd say that Hurley
has taken a lot from the second tier, ie., Rusty,
Gotcha, HIC and O'Niel. I also believe Hurley has taken
some steam off of Volcom. Hurley's distribution is
very scattered with Sport Chalet having rounders of
the stuff all over the store.Hurley is having their
DAY and has made great strides in their first
year.They'll continue to put nails in the coffins of the
second tier.There's my 2 cents.
Pull up a chart going back to 1996 and you will
see that this stock seems to always reach a low
around October/November then rockets up thru Aril/May
retreats then hits a High in June/July. DECEMBER IS ZQK
MONTH! Here we go!
Out of my silence period
Best Regards, daTRUTHjack
I find it so amusing that eddie_would_invest
suddenly stops posting after zqk gains 4.6875 in 6 days!
That's a 32.9% gain. I guess eddie lost his pants on
that short and covered before he was completly naked!
Anyway, he said there was no accumulation but I and
another person kept telling him that he was wrong. He
didn't listen and is now seeing red on his account
Zqk has had an excellent earnings record and will be
rewarded for it soon! Retail's have gotten slammed, but
should do well from now through at least Christmas.
Contrary to what eddie said, zqk is not last in it's
sector. It is actually far from it! Now is a great time
to buy because we will see $25 in the next month.