Quiksilver's stock crashes

brutus's picture
brutus started the topic in Sunday, 14 Jun 2015 at 10:10am

Hi Stu.......had a couple of calls from the USA.....big rumours running around Quiky .....after their stock price went from $1.26 > 60 c........the CEO's 2nd quarter press release is and was a doozy......looks like all the institutions have now dropped them......they need to borrow a lot more money...won't give anymore forecasts , going back to their roots ( their wives will be happy!) ...after sacking a business heavy weight.......looks like those surfies who originally got the company into trouble...are back at the helm with no plan......

Is chapter 11 the next step?

brutus's picture
brutus's picture
brutus commented Sunday, 14 Jun 2015 at 3:42pm

are yo out there Stu

stunet's picture
stunet's picture
stunet commented Sunday, 14 Jun 2015 at 5:25pm

Yep, and been watching intently too.

udo's picture
udo's picture
udo commented Sunday, 14 Jun 2015 at 5:55pm

Noticed Quik just picked up Ezekiel lau.

poo-man's picture
poo-man's picture
poo-man commented Sunday, 14 Jun 2015 at 6:17pm

I read their reports too and they did seem as if they have enough cash for the next 12 months or so but clearly the market doesn't seem to agree. Can't see a long term future for them under the current ownership!

poo-man

Bob's 2 Bob's's picture
Bob's 2 Bob's's picture
Bob's 2 Bob's commented Sunday, 14 Jun 2015 at 6:44pm

Shame about such a great company. I heard it used to be run by surfies (as stated by Brutus) and when it was it was successful because it had core but when outsiders started running it and didn't know what surf really was, well that was the beginning of the end hey

Freeload69

velocityjohnno's picture
velocityjohnno's picture
velocityjohnno commented Sunday, 14 Jun 2015 at 7:18pm

whoa that chart is train wreck, hope folks were collared

brutus's picture
brutus's picture
brutus commented Monday, 15 Jun 2015 at 9:28am

whats sad is ..the execs have all been paid....small group of families have cleaned up , and are set for life...and those who work at QS....no job security , no real future....the cycle has come.....Q/S doomed to be one of those cheap super market brands......

Bob's 2 Bob's's picture
Bob's 2 Bob's's picture
Bob's 2 Bob's commented Monday, 15 Jun 2015 at 4:21pm

Yes Brutus, they should have stuck with the surfies because they ran a good tight ship. It's when they brought in outsiders that it all went wrong. Only surfies can run surf.

Freeload69

shaun's picture
shaun's picture
shaun commented Monday, 15 Jun 2015 at 6:06pm

Bob," they " couldn't stick with surfies, it was "they " that sold out
"They" were the surfies. ;-))

I'm the scab you keep picking off and is there again the next day.

norchock's picture
norchock's picture
norchock commented Monday, 15 Jun 2015 at 6:18pm

And no one likes those surfies.my mates down the ford and holden wreaking yard hate the cunts...:)

wingnut2443's picture
wingnut2443's picture
wingnut2443 commented Monday, 15 Jun 2015 at 9:36pm

mmm, the same blokes who set the strategic plan that has left quicky to fail are now running the WSL?

KS timing has always been good, did he see this coming like a rouge set?

Kering market capitalization just a tad better ...

Surfboard Design and Construction Kook. Evidence is here: www.ffwsurfboards.com.au
*FFW - Few Fun Waves ... that's what it's all about for me.

wingnut2443's picture
wingnut2443's picture
wingnut2443 commented Monday, 15 Jun 2015 at 9:37pm

shaun wrote: Bob," they " couldn't stick with surfies, it was "they " that sold out
"They" were the surfies. ;-))

Billabong all over ... ???

Surfboard Design and Construction Kook. Evidence is here: www.ffwsurfboards.com.au
*FFW - Few Fun Waves ... that's what it's all about for me.