Quiksilver, Inc. (NYSE:ZQK)
CAPS Rating:
A globally diversified company that designs, produces and distributes branded apparel, wintersports and golf equipment, footwear, accessories and related products.
A globally diversified company that designs, produces and distributes branded apparel, wintersports and golf equipment, footwear, accessories and related products.
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Huge institutional holdings (95%) and currently in a slight pullback due to lowered earnings estimates. Here in Southern Ca Quiksilver/Roxy are brands held in high esteem by the surfer crowd. Also personally know a couple of reps who love the company and its founder. They continue to sponsor competition surfing events in Ca, Hawaii and elsewhere. ZQK started with small surf shops in 1979 and continues to launch into different outdoor sports while maintaining their roots. Rossignol integration should boost their earnings once ski season gets under way. A bright future methinks.
Rossignol is holding Quicksilver back in the near future until they have made some changes in the operation of this ski resort>>It takes time to establish European headquarters in France & get everything fine tuned, but this company will be a good investment if held onto for long term gains>>