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While You Were Sleeping | Bite Size!

Quik stocks begin long road to recovery

Posted 12 Jun 2012, by STABmag

Quiksilver stocks are climbing their way back. The company, which was founded out of a Torquay factory by Alan Green in 1969, posted a loss of $5.1 million, or 3 cents per share, for the quarter that ended April 30. That is down from $81.7 million, or 51 cents per share, in the same quarter last year, when the company incurred a $74.1 million non-cash goodwill impairment charge on its business in Australia and Japan.

Read the full story here.


14 comments so far...
1.

Why even post this BS? That is NOT a recovery, and it can only make one wonder if the latest excuse for why the WCT will be further contracted and suck is just around the corner. Is this paving the way for an announcement that the other ‘titans’ of the industry (Rip Curl, Billabong) will cite money woes for reasons to not hold Snapper, or drop Bells to a 6 star. “We are recovering, but not enough to hold a real tour, so we are holding a second event in Brazil…because…well that’s just a good business decision”.

2.

Who actually buys Quiksilver, Billabong, Oneill or Rip Curl clothing????

3.

Hold a summer contest at Ala Moana Bowls. Real wave. huge city. 4 million tourists a year visit waikiki, lets get a buck from them. Gerry Lopez, Kalani Robb and Carissa Moore would agree bowls produces a few good waves from time to time.

4.

That is absolutely the right idea! Think that direction…if you have to go to a population center, get one that at least has a chance to produce epic surf. if not, go to Indo. Stop this nonsense of ‘return on investment’ and ‘fiscal responsibility’, when everyone except Brazilians thinks that comp is a heap of shit. Seriously, the QS there has 10x better waves than the CT! Fans are watching these events in massive numbers….FAR more than turn out at the site itself. If that was the only criteria, then you should stick the CT back at Huntington in crap surf, because you would have massive attendance. No fan wants to hear about money, when lesser tier events are being successfully run with better surf. The problem is management, not money if the difference between CT and QS events is only $500k. Volcom took a huge step up in putting on that event, that has almost no attendance at the site, but was one of the most viewed surf webcasts ever. Wake up…

5.

So now they went from taking a massive growler, to just spitting out tiny turds. Is that worth posting on a webbie? What is wrong with Billabong then?

1.

ah, that is not recovery. and hope they paid you guys big bucks to start covering stock options and business “at a boys”.

this is like the manny pac boxing decision, pay off refs. pay off mags.

2.

Why even post this BS? That is NOT a recovery, and it can only make one wonder if the latest excuse for why the WCT will be further contracted and suck is just around the corner. Is this paving the way for an announcement that the other ‘titans’ of the industry (Rip Curl, Billabong) will cite money woes for reasons to not hold Snapper, or drop Bells to a 6 star. “We are recovering, but not enough to hold a real tour, so we are holding a second event in Brazil…because…well that’s just a good business decision”.

3.

Hold a summer contest at Ala Moana Bowls. Real wave. huge city. 4 million tourists a year visit waikiki, lets get a buck from them. Gerry Lopez, Kalani Robb and Carissa Moore would agree bowls produces a few good waves from time to time.

    4.

    That is absolutely the right idea! Think that direction…if you have to go to a population center, get one that at least has a chance to produce epic surf. if not, go to Indo. Stop this nonsense of ‘return on investment’ and ‘fiscal responsibility’, when everyone except Brazilians thinks that comp is a heap of shit. Seriously, the QS there has 10x better waves than the CT! Fans are watching these events in massive numbers….FAR more than turn out at the site itself. If that was the only criteria, then you should stick the CT back at Huntington in crap surf, because you would have massive attendance. No fan wants to hear about money, when lesser tier events are being successfully run with better surf. The problem is management, not money if the difference between CT and QS events is only $500k. Volcom took a huge step up in putting on that event, that has almost no attendance at the site, but was one of the most viewed surf webcasts ever. Wake up…

5.

Only 60 more days until we get to see GT, pro surfers cranks in hand, as he brown noses and bro bro’s them into submission. “Bruce!….Bruce, Bro!” Maybe the Captain and Tenille will release their wardrobe rights.

6.

quik finally stopped buying up toxic companies that bring them down, congrats! hey stab who won that survey essay contest?

7.

Although a shit contest, Brazil is one of the few markets where surf retail is growing so can see why they did it.

8.

European market cracking while Brazil keeps rising. Rio will have 2 huge events in a few years (Olimpics and World Cup) and there is a serious attempt of putting surfing as an olimpic sport in 2016. I guess Rio will keep in the schedule for quite a time.

9.

Brazil is not a problem IF you are not dropping JBay….economically and passion wise its a great comp. The surf there just isn’t good at the Rio site. Quicksilver ‘changed management’, but was making horse piss business decisions. Rip Curl dropping the Search also makes Brazil’s questionable surf more glaring. The huge number of web hits says people are watching, so how exactly is ‘profitability’ being calculated? By the way, didn’t Quicksilver just promote a bunch more uneducated ex-pro surfers to management positions again? Learn. Not to say there are not some MBA’s in there, but most of the ex surfer types rode waves of a good economy to success, not educated business decisions during lean times.

10.

So now they went from taking a massive growler, to just spitting out tiny turds. Is that worth posting on a webbie? What is wrong with Billabong then?

11.

Who actually buys Quiksilver, Billabong, Oneill or Rip Curl clothing????

12.

trends..
you can’t “pick” stocks.. that would be considered gambling.
people don’t just pick..

13.

Beginning their long road to recovery ay – well they didn’t start off well falling 10% yesterday on this news. They are probably a good cyclical buy – unless that business model is no longer relevant with the likes of ASOS and high St producing better product for half the price. Hmm I’ll keep my money in the bank I think

14.

. Things happen in time and not in a vacuum so Quik will never be what quik was again regardless of how many titles kelly wins. There is an air of permanence to this change as yogi would say. A trillion dollars of fed spending and not much to show for it. Is that even possible?

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