Quiksilver’s March Madness

by The Editors on March 10, 2009

Orange County Business Journal writer Michael Lyster reports on exactly what the financial world is looking for from Quiksilver when the company reports results from first quarter of fiscal 2009 tomorrow.

More than results for the January quarter, “What matters much more than this is whether or not the company is able to restructure its uncommitted debt, and we would expect to get an update on this issue,” analyst Mitch Kummetz of Robert W. Baird & Co. said in a note to clients this week. . . . Kummetz and other company watchers have been eagerly awaiting word on Quiksilver’s efforts to rework its near-term debt.

All we keep thinking as we contemplate Quik’s upcoming $71 million debt payment to a European lender is: Beware the ides of March.

[Link: Orange County Business Journal]

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