Portfolio.com checked in with T. Hawk and he says he’s not afraid to “get his hands dirty.”
Tony Hawk is rich and chief executive of his own company, but that doesn’t mean he’s changed all that much from the skateboarding kid with a junk food diet. In fact, it’s something he says makes him a better C.E.O.
[Link: Portfolio.com]
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Analysts at Piper Jaffray & Co. downgraded Zumiez today saying that the companies shares have “surpassed our target objective” and are “trading essentially in line with the long-term earnings growth rate” and they’re giving Zumez a “neutral.”
We expect shares to trade in range into the 1H of 2009 and would recommend adding to positions on sector pullbacks – longer-term, ZUMZ offers a superior investment profile. Our 2-3 year outlook remains positive, tied to square footage growth, solid category trends, and the company’s ability to orient its merchandise to evolutions in lifestyle cycles. We’ve re-set our 12-month price target to $18/share based on 20x FTME EPS (FQ4-FQ3), in line with the company’s LT earnings growth rate.
Sure, fine.
[Link: Street Insider]
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We wrote about Gil Le Bon De Lapointe and Pierre Andre Senizergues’ Skate Study House back in February, but the mid-century modern skate project has finally made it to the LA Times.
I’m the artist, and he has the money to do it,” De Lapointe says. “Pierre gives me inspiration, he pushes me to find ideas and concepts, new ways to use the skateboard. The skateboard has given him all his success, so he wants to give that back.”
Seems the Home & Garden section just can’t get enough of Pierre Andre lately.
[Link: LA Times]
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As we overhead someone say last week, “Ol’ Naude has had a pretty good year.” And we would agree. According to a report in Australia’s The Age Billabong’s Paul Naude unloaded a few shares last week:
Last Monday he sold 250,000 shares at AUS$13.35 each. The AUS$3.3 million was the most he had raised from share sales for quite a while. . . . Last year he disposed of 100,000 at AUS$15.52 a share, while going right back into history — March 2006 — he raised AUS$2 million when he flogged 125,000 shares at AUS$16.06 a share.
Taking a little money off the table probably isn’t a bad idea right now.
[Link: The Age]
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Pierre Andre Senizergues, 45, is an interesting guy even for skateboarding. He is the sole owner of Sole Technology. That means when Sole Tech makes a dollor, it’s Pierre’s. He also owns most of the buildings that Sol Tech inhabits. He has an amazing yacht, what has been described as a “$25 million house in Malibu,” and a “waterfront” place in Newport Beach. Plus, he is single.
Now, Pierre has let the Los Angeles Times Home & Garden section do a profile on the Newport Beach house so those of us who haven’t been over for drinks (ever) can see what the place looks like. It doesn’t look to shabby, actually. Not that we were surprised. He was also nice enough to pass on little nuggets like this in the captions:
“To do something new, that nobody else has, you can’t be afraid to fall,” says Senizergues, here in his meditation room.
Right.
[Link: Los Angeles Times]
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Today, Vital Media Network President Brad McDonald announced that while their BMX and MX sites are doing well, they have decided to put their skateboarding site on ice saying:
We’re putting Vital Skate on indefinite hiatus. After two years, we just couldn’t get the traffic and advertising where it needed to be. To everyone who supported the site – thanks!
While McDonald and Todd Toth’s roots in BMX (along with the edit and photo skills of Mark Losey) helped take Vital BMX to the top in traffic, the group never did get traction in the skateboarding market. As we know, that industry is pretty tight about who it supports and does not support. Apparently, they were not backing Vital.
[Link: Vital Media Network]
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When we look back at our time at the fall ASR Show we think of all the great things we missed: the people we didn’t talk to (like Hurley’s Bar Rafaeli, the skateboarding we didn’t see, and the amazing product that we missed. But then we realize that at least we have these photos to remember the show a by.
Follow the link for more photos and captions.
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Here’s a little downhill skateboarding flim of Patrick Rizzo, Noah Sakamoto, and Colin Blackshear from Adam Kimmel and Ari Marcopoulis that perfectly captures the lunacy of going fast on a skateboard.
[Link: Nightglowwindow]
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It may have been held September 4-6, 2008, but this ASR show felt a lot like a typical January show in terms of size and scale. Still the must-attend trade show of the season, this year buyers, retailers, and exhibitors were gritting their teeth and smiling through a show that comes in the midst of a sliding U.S. economy.
At the surface, things seemed status quo—models in skimpy swimsuits handing out flyers, a full beer garden, after-show parties, and free-flowing drinks come 5 o’clock. But spend more than five minutes talking to nearly anyone on the floor, and the word recession rose quickly to the surface.
“I’m one of the few people here old enough to remember the last real recession,” says Jeff Harbaugh, market analyst and industry consultant. “It’s bad, and it’s going to be a while before we see the end of this one.”
Even those booths and brands who seemed unaffected were keeping their guard up. “As quickly as it comes, it can go,” says SkullCandy’s Luke Edgar in reference to his brand’s current meteoric popularity. “It’s especially important in hard-economic times to keep our heads down, be humble and treat our retailers with respect, and keep charging ahead.”
Click continue for the rest of the story. . .
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We hate to say it, but anyone who thought the 80s revival was over is thankfully wrong. Who would think that anyway?
From the look of some of the products on the floor at the September 2008 ASR show, the neon wave is just beginning to peak. Which is great for those who lived through it the first time. And even more fun for kids who’ve never seen color before.
Funny thing is: we like it all. Bright colors are rad. Video games are rad. And, the Dragon Domos (pictured above) are totally rad.
Follow the link for a few more rad things we saw at the show
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