Agree. Despite the hype about the 3% return and buying by insiders, this stock is going nowhere. Unable to hold even the slightest of gains. Only hope is an increased dividend.
Puzzlingly, but maybe not, DHR price reaching 52-week highs despite the "exhorbitant goodwill number" mentioned above. I do remember that when DHR sells a business, it does get that goodwill money back in the selling price.
It seems obvious from the interest rate of the new notes that ZQK was desperate to get the deal done and had little flexibility in the process. At least the new notes are not convertible to dilute shareholders equity at these low prices - but if the notes go bust, bondholders apparently get the whole company instead.
Is the inference here that DHR is actively on the acquisition hunt? Can this account for DHR hitting a new 52 week high today?
Tnx for the input. Remember when FULT was recently being touted as having a 3% dividend, with the share price in the $10 range. Now, FULT's dividend is less than 3% and it is no longer touted!
The Womens Lines is not redundant to Roxy IMHO and think it a mistake to shut down.
That mkt would be a bigger one than Roxy alone and appeal to a very different customer. After all, there are more old ladies than young chicks around these days!
Yes, something like that I think remembering from the annual report. Keep in mind that Rhone
arguably kept ZQK out of bankruptcy with its swap of debt for equity. The key in my view is to get ZQK's massive debt under control. For that, ZQK needs a strong financial person not a marketing person.
Well said! Let me also add my .02 cents worth by noting several points: (1) having visited a ZQK sales outlet, saw that ZQK charges premium prices, not a good sign at all even though the DC shoes segment may be experiencing increased sales (2) executives' pay and perks are mind-boggling for such an underperforming company (3) debt will soon overwhelm ZQK unless something is done quickly. Remember that some time ago, Rhone (controlling shareholder) saved ZQK from bankruptcy
in my opinion by swapping debt for equity.
As a long term shareholder, I can tell you that rarely has there been any "excitement" in DHR. "Slow" is good as long as it is up-type slow. Do wish DHR would raise dividend but that would deprive them of needed acquisition money.
Yes, buying Rosi for an inflated price was a monumental debacle. I was against the acquisition from the beginning, but then who at ZQK listens to small stockholders? Why would the French sell except that Rosi was losing money by the boatloads. Remember how very little ZQK finally sold Rosi for
after its collosal losses.
Yes, Rhone has finally taken a decisive step. Go back and look at the perks McKnight will leave with, a great deal of $$ and lots of stock/low price options!
Too bad we suffering shareholders cannot hear what is going on at ZQK these days.
Reading the quarterly and annual reports, one get the impression that ZQK is a $100 stock rather than a penny stock. The majority owner, Rhone & Associates, says nothing even though they appear to be sitting with a multi-million (or is it multi-billion) loss. ZQK's debt is overwhelming yet we hear little how ZQK plans to meet those shortly-coming-due obliIgations. IMHO another stock-for-debt program is out of the question.