Jeff Harbaugh checks in on the progress Quiksilver has made lately. He says things at the action fashion giant are looking up.
Quik is the poster child of a company that’s done what it needed to do following the twin blows of the Rossignol acquisition and the recession. As somebody who’s done a bit of turnaround work, I can tell you it’s no fun, for either management or employees, to be dealing with negative stuff month after month. Quik maybe has a little more work it wants to do on its balance sheet, but it’s largely out from under the reverberations of that deal though, like all of us, not of the recession.
And all they had to do was trade off a chunk of the company. Click the link for the rest of the analysis.
[Link: Harbaugh’s Market Watch]
