It’s nice to occasionally report good news from the action stock market and yesterday (August 15, 2011), after FBR Capital Markets & Co.’s Eric Tracy said that Quik was making strides with it’s balance sheet, the stock rocketed up three percent, according to a story on Bloomberg.
“Balance sheet improvements are a testament to a management team focused on enhancing its financial flexibility for longer-term growth, and as of the second quarter, forward orders from retail partners in the Americas and Europe, inclusive of price increases, are up year-over-year across brands,” Tracy wrote.
It’s down a little today, but maybe that can be seen as an opportunity. . .
[Link: Bloomberg]
