Globe came out with its earnings release for the six months ended December 31st, 2008 on February 26th and nobody over here seemed to notice. Happily, I stumbled on it and thought my three faithful readers would want to know what’s up.
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March 17 2009 |
471 views
Quiksilver (along with the rest of us I guess) got caught in a series of economic and financial circumstances that it couldn’t have imagined. With that in mind, and before I get to day’s topic, I want to suggest that you all scurry to the library or the book store and get a copy of “The Black Swan- The Impact of the Highly Improbable.” It’s by Nassim Nicholas Taleb and is very relevant to the situation we find ourselves in.
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March 16 2009 |
887 views
Yesterday, Quik filed an 8K. The complete filing is quoted here. It’s pretty short, but says a lot. Read it, then I’ll have a few comments.
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March 10 2009 |
1,154 views | 2 comments
Columbia Sportswear’s annual report is bracketed by the impact of the recession as, I expect, will be many companies’. On the first page they note, “Results of operations in any period should not be considered indicative of the results to be expected for any future period, particularly in light of the current macro-economic environment…”
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March 02 2009 |
557 views | 3 comments
Orange 21 is giving each of its existing shareholders the right to buy one share of its common stock for $0.80 cents for each share they currently own or warrant they have. Before the offering, they had 8,199,314 shares outstanding. Assuming that everybody buys the shares, they would have 17,744,128 shares outstanding afterwards and would raise $7,635,851.20
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January 26 2009 |
307 views
I can’t stand it anymore, so be warned. The next person who says to me, “We’re watching our inventory carefully” or “We’re working hard to keep our existing customers” or “We’re being really selective about our advertising and promotional expenses,” or “We’re cutting brands that haven’t sold well,” is going to get dumped on. They won’t really deserve it- they’ll just be in the wrong place at the wrong time.
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January 22 2009 |
1,016 views | 56 comments
VF’s January 14th press release already had my attention before the web cast of their investors presentation was released. I strongly recommend you take the time to watch the whole web cast and look at the slides. You’ll see how a well managed company is going to survive and even set themselves up to prosper during our little ongoing economic inconvenience.
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January 14 2009 |
570 views | 1 comment
Reading and analyzing Quik’s 10K helped clarify some issues for me about industry strategy and the economy. I want to use some of their positioning statements to talk about how we compete in the much larger market we are, or want to be, a part of. When I say “much larger market” I mean the fashion driven market and the customers and potential customers who don’t skate, surf, or snowboard.
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January 12 2009 |
1,177 views | 25 comments
They filed this thing on December 30th. I, having no life, read all 89 pages New Year’s morning. I strongly recommend Proseco (Italian sparkling wine) over champagne. It seems to do fewer bad things to you.
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January 05 2009 |
1,055 views | 8 comments
These days, you don’t come across many quarterly reports that make it look like consumers are still spending. Urban Outfitter’s comparables store sales were up 9.9% for the quarter, though they go on to note that they were flat for November. They say it’s possible “…comparable store net sales may further decelerate during the remainder of the holiday season.”
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December 22 2008 |
458 views | 30 comments
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