With all the rumor mongering going on about Quiksilver selling this or being bought by that, it is interesting to see that there is at least one analyst out there who is still rating Quiksilver a buy thanks to the company eliminating 200 jobs and a possible debt restructuring in February.
However, KeyBanc Capital Markets analyst Brandon J. Ferro said the news means “an outright sale of Quiksilver or one of its brands is much less likely now than it was when we initiated coverage in early December 2008, as it helps to indicate the Company has made significant progress in resolving near-term liquidity issues.”
We really don’t know who to believe at this point.
[Link: MSNBC]
