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K-Swiss Inc. (KSWS) Message Board

  • kashkingya kashkingya Oct 31, 2012 2:22 PM Flag

    Shares will fall to $1.90

    I fully expect KSWS shares to fall to the $1.90 range when numbers are released tomorrow. K-Swiss is in serious trouble, far more serious than Steven or David Nichols will admit to publicly. They are sitting on a $90M mountain of unmovable inventory and retailers across the board have given up on this brand. In fact, inventories will actually go up in Q4/Q1-13 due to all the returns from the guaranteed sales they offered earlier in the year. I am sure Nichols will attempt to blame Hurricane Sandy for all of his troubles but the real devastation at KS can all be blamed squarely on Steven allowing his inept son to drive the company over a cliff. There is no one waiting in line to buy this company and KSWS is dead money until both Nichols are gone for good. Sell now and be glad you did.

    Sentiment: Strong Sell

 

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