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Quiksilver Inc. Message Board

bribeavis 5 posts  |  Last Activity: Dec 16, 2014 1:28 AM Member since: Apr 1, 2000
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  • Reply to

    price action

    by jim06744 Dec 15, 2014 10:43 AM
    bribeavis bribeavis Dec 16, 2014 1:28 AM Flag

    Seems stock buy backs have been very limited this year. Looks like they bought back less than 6000 shares last quarter, so I don't think this has had any affect on price this year.

    From 10q's
    During the twenty-six-week period ended September 28, 2014, we repurchased 37,661 shares of common stock at a cost of $1,916,000.

    During the thirteen-week period ended June 29, 2014, we repurchased 31,860 shares of common stock at a cost of $1,559,000.

  • Reply to

    price action

    by jim06744 Dec 15, 2014 10:43 AM
    bribeavis bribeavis Dec 15, 2014 11:26 AM Flag

    I think people are just plain unaware of the stock. Tons of cash, Huge growth in earnings, and a consumer product with a giant footprint, and there is not even one analyst covering the company, and only a few thousand shares trade per day. You could go nuts trying to figure out what is causing the price to move. If this were an IPO with a lot of press it would be selling for $150 per share.

  • Reply to

    No analyst coverage or estimates

    by caymanmichael Nov 5, 2014 8:52 AM
    bribeavis bribeavis Nov 17, 2014 2:42 AM Flag

    Well if you've got the stock in a retirement account, good for u. Had this same argument on this board when the shares were trading at around $20. The company did a dutch auction and bought back a bunch of shares. Stock is now up close to 400%, as we continue to reap the benefit of that buyback. It is not too late to do another dutch auction. They could buy back a significant amount of shares, and still keep cash on the balance sheet. Drive the pps up another 100%. I'm doubtful anyone is gonna do a lot better than compounding on what's going on here. Willing to bet there are many who have cost basis in the single digits. Doubling the price could mean going from a 1000% gain to 2000%. I'll take that over a dividend.

  • Reply to

    No analyst coverage or estimates

    by caymanmichael Nov 5, 2014 8:52 AM
    bribeavis bribeavis Nov 12, 2014 12:30 AM Flag

    The company expenses stock options, so if your going to do this type of analysis you better deduct whatever they did expense since 2011. The cost of the options also plays out in the fact that more shares are outstanding thus reducing earnings per share. In hindsight, they should have bought back more shares when the price was lower as I suggested last year on this board. Now they have 40 million bucks sitting on the balance sheet which could have reduced share count significantly a year or so ago. A dividend would be a tax disaster for many of the long term holders here. I'd rather see share count reduced and eps and pps rocket than give up 40% of my money/dividend to the government. The stock option activity here is no different than in the majority of many other successful stocks, so any critique is more of a commemtary on the whhole market. What is different here is the valuation of the company. This type of growth is getting 50 to 60 times earnings elsewhere. The p/e here is well below 30 when you back out the cash.

  • Reply to

    No analyst coverage or estimates

    by caymanmichael Nov 5, 2014 8:52 AM
    bribeavis bribeavis Nov 7, 2014 10:23 AM Flag

    I've noticed that too. Huge earnings growth and the stock drops on low volume...ridiculous. No one is paying attention here. With all the cash , they are an buyout target even with the shareholder rights plan in place. Just buy the company at a significant premium. There are two more quarters in which the Morrell agreement will provide significant growth. A takeover company may be able to move the headquarters out of New York to a place with lower state taxes too. Hope they are still repurchasing shares.

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