I’ve had a number of emails asking me what I thought about Quiksilver. Some of them have been along the lines of, “Should I buy the stock?” or “What’s it worth? If I knew with any degree of certainty whether or not to buy Quik stock, or any other stock, I’d be rich, rich, rich. As far as what it’s worth goes, it’s worth what it’s trading for right now. This minute. No idea if it will be worth more or less tomorrow.
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November 21 2008 |
1,698 views | 28 comments
There has, I gather, been some discussions/speculation about the circumstances under which a publicly traded company can be delisted from a stock exchange. I don’t claim to be an expert in this. It’s different for each exchange and I guess not set in stone. But as there seems to be some interest, I thought I’d lay out what I found out about the process for the NASDAQ market.
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November 20 2008 |
1,476 views | 15 comments
Every time I look at somebody’s (pretty much anybody’s) September 30th quarterly report, I see the beginnings of the recession, and worry about what these things will look like when we see the ones for the December 31st quarter. I know everybody else is worrying about that as well. Worrying doesn’t really help. All you can do is run your business well and that seems to be what Columbia is doing.
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November 14 2008 |
202 views
I wrote about the quarter’s results when they came out with their press release. I’m not going to repeat that analysis, you can go back and read it if you want. I said I would follow up when I had the more detailed actual filing. Now that I have it, there are some points I want to highlight.
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November 11 2008 |
354 views | 1 comment
I imagined you noticed recently that the retailer, No Fear, proposed a merger to the board of directors of Orange 21 (Spy Optics). Orange announced November 5th that they were not considering it. We’ll see what, if anything happens next. But in the meantime, I think it’s instructive to review a little of the history and relationships that exist between Orange 21 and No Fear. And there may be a lesson for companies battling to manage through the recession.
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November 10 2008 |
981 views | 10 comments
VF owns Vans, Reef, Nautica, Wrangler, Jans Sport, Eagle Creek, Lee, Majestic, Red Cap, Lucy, Rustler and other brands as well. They organize their business and report in six segments, which they call Coalitions; Jeanswear, Outdoor, Imagewear, Sportswear, Contemporary Brands, and Other. Read more about their latest quarter ended September 30.
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November 07 2008 |
682 views | 2 comments
Here I am at Discount Tire getting some new tires, which is kind of what you do at Discount Tire. God bless ‘em for having free Wi-Fi. The first thing I see when I open Transworld site, literally three minutes ago, is that U.S. skiing and snowboard athletes are going to ring the closing bell November 6th. I hope it’s not a day when we’re down 600 points.
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November 05 2008 |
353 views | 2 comments
Under the tyranny of the internet, realizing this can be published 30 seconds after I email it in, I’m turning this out Friday morning before I’ve finished my coffee. Please recognize that I’m doing this based on their press release rather than the more detailed SEC filing which will come later.
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October 31 2008 |
438 views | 2 comments
Billabong released its annual financial report for the year ended June 30, 2008 in late September. As it’s 116 pages long, you’ll just have to forgive me for not having it read and written about the next day. If you want to read all 116 pages yourself, I’ve provided the link. Have a wonderful time. This is not like the report that U.S. companies have to file with the SEC. Well, it is in the sense that it’s long, and complex in parts and kind of boring. But it’s different in the sense that it spends a whole lot less time discussing the market. Read more here.
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October 22 2008 |
1,859 views | 8 comments
As I write this on Friday, we may be finding the bottom. We went down big yesterday with big volume. If we can follow through today, plummeting on huge, panic driven volume, we might find a bottom. Maybe even bounce before the close. Complete panic, with everybody giving up in total despair, is the key to a finding a bottom many people seem to think. Read more thoughts here.
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October 10 2008 |
477 views | 9 comments
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