I doubt that DC Shoes will bring anything near to satisfy ZQK's debt, which is enormous. Again, while we individual stockholders are on the hook here, the key is Rhone which sunk a huge amount of $$
into ZQK. I never understood why. I was vehemently against the Rossi acquisition (and so wrote McKnight) for which ZQK vastly overpaid, Leaving us, I think, we we are today. What next?
The lawsuits maybe meritless, but I think it behooves a company in active litigation of this type to say very little,if anything, for the duration of the lawsuits. That is what I would advise ZQK if I were their attorney..
Zacks March 28, 2015 FULT review where Zacks stated that FULT's recent "efforts towards boosting shareholders value will go a long way in increasing investors confidence in the stock." Zacks concluded: "Fulton Financial
carries Zacks rank [of] sell." Too bad Zacks doesnt follow its own advice!
Multiple class action lawsuits have been filed. It is unclear to me whether the suits are against corporate ZQK or the individually named executives. ZQK surely has liability insurance. I tried reviewing the annual report/proxy statement to find out about liability insurance. -0-.
Does anyone have sufficient knowledge of such suits to make an assessment of potential damages? Does anyone think that bankruptcy is a possibility? Would not Rhone take extreme action of some sort to save its
gigantic investment in ZQK? And I wonder what T. Rowe Price is thinking?
I said a spate of good news, not a spate of bad news. Seems as if Samsung is using fewer QCOM parts in its S6 than first known!
Probably not. Shareholders are always the last in line. Rhone has a hell of a lot of $$ tied up here so
hope this thing has been fully thought through. And remember, T Rowe Price has a huge investment in ZQK!
Nonetheless, the buybacks and dividend increases have done absolutely nothing to move up the price of the stock, which even went down today 3-18-15.
IMHO, the huge buyback was necessary in view of the skads and skads of QCOM stock being paid out to executives, who immediately sell, thus vastly increasing the amount of shares outstanding and diluting stockholders stakes. Thus buybacks have no affect on the mkt.
BTW, I've always wondered why these executives never hold on to the QCOM shares as an investment. Not that every one needs the money, as these sales generally generate millions each time.
Need some more input here. Taxes due soon. I'm worried.
If "something is in the works" why hasnt it happened yet? Americanstockpicker notes the "huge volume"
of late but still nothing from the FWV board.
I was very opposed to the Rosignol deal and wrote McKnight several letters to that effect.
Not only was it in the wrong clothing area, ZQK way overpaid for a very obviouisly declining ski equipment business.