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Quiksilver Inc. Message Board

  • eddie_would_invest eddie_would_invest Mar 1, 2000 6:48 PM Flag

    Another Great Day for ZQK...

    Up another 10% on strong volume proves to be
    another great day for ZQK. An added bonus...ZQK actually
    issued another press release! I guess some of the posts
    are actually working. McKnight is actually attempting
    to communicate with the shareholders....great, keep
    it up.

    Technically, we are sitting right on
    the 50 DMA, and historically, ZQK has gone over the
    50 DMA as it approaches the earnings release. We may
    see another few days on the upside, and IMHO, reach
    the 15-16 range prior to earnings. I doubt very much
    we will see 20 prior to earnings. Where it goes
    after earnings are posted will depend upon what
    earnings actually are. The whisper number is .21, with
    analysts looking for .17 per share. Like I said earlier,
    unless ZQK can post a number in excess of .20, look for
    the stock to slide back.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Robert McKnight Jr.
      1,130,000
      shares

      Michael H. Gray (a.k.a. Restaurant Man)Also president of
      St. John's knits for 5 years (a fact that might have
      been left out).
      114,000 shares

      Charlie
      Crow
      115,000 shares

      Lord Abbott
      2,673,000


      AMVESCAP
      1,911,000

      T.
      Roweprice
      1,902,750

      Wellington Management
      1,000,000



      Eddie

    • It's true that increased employee options offset stock that's bought back. I hope they aren't going to issue 2 million shares for employee options, though.

    • I have seen $0.18 and $0.19. If we get $0.21 we will take off!

      If ZQK buys back all of the planned 2 million shares does that increase earnings per share?

    • << We may see another few days on the
      upside, and IMHO, reach the 15-16 range prior to
      earnings. I doubt very much we will see 20 prior to
      earnings. Where it goes after earnings are posted will
      depend upon what earnings actually are.
      >>

      Sooo.. what's your strategy? Lighten up at 15-16, or
      hold for the ultimate victory?

      • 1 Reply to Aiiyiiyiii
      • Well since you asked, here's my opinion. ZQK has,
        in the past two quarters, enjoyed a short term rise
        in the price prior to earnings. Immediately after
        the earnings were posted, the stock began a sudden,
        and steady decline. There's no doubt that investors
        were greatly disappointed with the results.

        As
        I said earlier, today, ZQK is sitting right on top
        of the 50 DMA. If there is going to be an earnings
        run, then we could see movement up to somewhere around
        15-16. At least this is what we saw in the past two
        quarters. If you believe that ZQK will post a number better
        than .20, then hold, since this may be an indication
        that the trend is turning. If not, then sell your
        shares prior to earnings being posted. A number at or
        below .17 is further confirmation that sales are
        slowing, and the air will be let out of the baloon.


        For ZQK to post a number in excess of .20 per share,
        IMHO, will be very difficult. The past two quarters
        have been tough for ZQK. Huge receivables, declining
        inventory, pre-shipments, small cash balances, increasing
        debt, and a slowing demand for Roxy add up to difficult
        times. Even the estimate of .17 may be a stretch, but
        ZQK seems to meet the analysts estimates each
        quarter. Even so, that's not what the street wants to see.
        From here on out, ZQK must post "blow out" numbers for
        the stock to rise back to the 20's. Only time will
        tell.

    • Will Christopherson add much? Is the Millers Outpost experience relevant to Roxy?

    • OK we hit bottom and now it is time to stay in it
      and ride! At the mall last night I noticed alot of
      cool quiksilver stuff and its going to be hot this
      summer - I'm staying in til 24 - then I'll take my
      profits and invest in the next "Value" play

 
ZQK
6.49+0.07(+1.09%)Apr 17 4:01 PMEDT

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