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Analog Devices, Inc. Message Board

rorystreamer 24 posts  |  Last Activity: Aug 11, 2015 4:51 PM Member since: Mar 11, 2013
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  • Reply to

    bk the only way out now......

    by ubank_1999 Jun 10, 2015 4:15 PM
    rorystreamer rorystreamer Jun 11, 2015 4:58 PM Flag

    I don't agree. I don't think a buyout is a pipe dream at all. BK is certainly a probability, some may think it is a high probability, but none the less it is just probable and speculation at this point. Would you take the Quiksilver CEO position to file BK? I wouldn't and neither would you. The point is to turn this PIG around, right? You will see (2) scenarios guaranteed. One, you will hear a plan on how they can turn this around and become profitable in 2nd half of 2016 early 2017. If that plan fails, filing BK will most likely happen as mgmt. will have made it worse and a potential suitor will not want to clean up more of the mess. Or two, they decide we cannot pursue a plan to recover, so let's sell an asset, go private, sell the entire company etc. which would happen sooner than later. But as for just filing BK as the new CEO, he would be mocked and laughed by all of his peers. But a viable option for sure, and every shareholder should be aware of this happening. Quiksilver is synonymous with Surfing, an iconic brand and household name. I am sure some European investment group would entertain crunching the numbers, as well as a few other private equity firms that can buy this penny's on the dollar and make a profit down the line. Tons of options at this point. But I am going with their leading shareholder Drexler and the urgency to sell immediately. I will take $2.20 p/share for everything all said and done. Anyways, I am in and you are not. So we shall see.

    Sentiment: Strong Buy

  • Reply to

    $1 is all I need

    by rodious2003 Jun 11, 2015 3:50 PM
    rorystreamer rorystreamer Jun 11, 2015 4:47 PM Flag

    Looking at the revenue for this past quarter, $333.05M vs the estimated revenue was of $341.24M. That is not a surprise to me. I knew they would miss that. However, I didn't know the old CEO was over zealous with his forecast. Like any new CEO, per say, they want to address all of the negative info right off the bat, set a plan and work towards achieving that plan. But the misleading information has now been factored into the PPS sending this to just under $0.70 p/share. Is everything disclosed and factored into this price? I believe yes it is. The new CEO needs to find suitable buyers that can use the existing brands/revenues and clean up this mess. I see value in this company and like most others, I think that any company doing $300M+ quarterly (yes even though they are decreasing y/y) can be seen as added value to a profitable and growing company such as Nike or similar. It depends, there is a lot of scenarios. Under Armour, who is catching up to Nike pretty quick may need this to enter that consumer goods/surf/skate/snow space. Those being the larger players in consumer goods, but as an example it explains my point. Value is there. The PPS has factored in all of the above and what has gone on in the last 24 months. We should see some action about BK, asset sale or complete b/o soon. Place your bets, your guess is as good as mine. GLTA. Bought in today for initial position.

    Sentiment: Strong Buy

  • Reply to

    Buyback of company comming soon

    by gdelv45 Jun 10, 2015 2:04 PM
    rorystreamer rorystreamer Jun 11, 2015 4:37 PM Flag

    Agreed. I felt the same about the struggling SSD company $OCZ. With no evidence of a b/o there was no point to be holding the bag. That company had accounting issues led by a corrupt CEO that fled to Panama. But with ZQK, I do see face value for Quiksilver the brand and the other brands they own. There is value there. However, the balance sheet, management in disarray and recent shareholder value diminished over the past 24 months, you are correct there is not a smidge of evidence that says a b/o will happen. But with most companies, CLWR most notably, that got bought out, it did come when no one expected it. I bought CLWR strictly on the fact they owned a ton of Spectrum (for wireless) even though they carried a ton of debt. But we will see. It seems that Drexler, their advocate for change will get something done. I will wait and see, I took a gamble on the dead cat bounce or anything positive that will trigger this to head upwards in the near term, but with the b/o as my thesis to buy in. It has gotten this bad and a sale is the only solution keeping the brand recognition alive. GLTA. Break even for the day, we shall see about tomorrow.

    Sentiment: Strong Buy

  • Reply to

    Buyback of company comming soon

    by gdelv45 Jun 10, 2015 2:04 PM
    rorystreamer rorystreamer Jun 11, 2015 1:07 PM Flag

    This company will be sold. Previous Management most likely had a plan in place and said lets see if this works. Drexler obviously being impatient has been stressing a SALE to the BOD, so it certainly gives the chance of a sale a viable and most likely situation. Quiksilver is synonymous with Surfing and Kelly Slater. Will that one day disappear? Not a chance. Nike being a big player in that space now seems the most suitable. However, you see Private Equity firms now that seem to be in the business for buying distressed brands etc. So there are a few scenarios I see. The best being a SALE and rumors starting about who and what was said. Possibly taking the co private. Dilution being the worst case scenario. And then of course nothing and let this stock tremble along the unknown until they can get back on track. But as they stated in the last call, it wont be the 2nd half of the year, most likely in 2017. So I see the urgency for something to happen..what? Your guess is as good as mine. I see a sale occurring. That would be easiest as the new company can restructure debt and start from scratch keeping the brand recognition alive. GLTA/ Bought in $0.68 this morning 10k shares. Let's see this run on rumors!

    Sentiment: Strong Buy

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