Sometimes things just get uglier and uglier. The Street Ratings downgraded Quiksilver’s stock today (April 11, 2012) from a hold to a sell, accordion got a post on The Street.
The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally weak debt management and generally disappointing historical performance in the stock itself.
But the downgrade didn’t seem to bother the stock all that much. It was up a penny midday. Click the link for more of the details.
[Link: The Street]
