Right on the heels of one of the most amazing surf contests ever comes a little bad news for Quiksilver. Yesterday (September 21, 2011) the stock reached a new 52-week low of $3.44, according to a story on The Street. And what they have to say about the stock is even worse:
TheStreet Ratings rates Quiksilver as a sell. The company’s weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally weak debt management.
Ouch. Click here for the complete The Street overview of Quiksilver’s stock.
[Link: The Street]
