{"id":6393,"date":"2009-03-12T11:31:34","date_gmt":"2009-03-12T18:31:34","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=6393"},"modified":"2009-03-12T11:34:40","modified_gmt":"2009-03-12T18:34:40","slug":"quik-stock-drops-20-percent","status":"publish","type":"post","link":"https:\/\/www.boardistan.com\/?p=6393","title":{"rendered":"Quik Stock Drops 20 Percent"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2008\/11\/quik-logo.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2008\/11\/quik-logo.jpg','popup','width=180,height=53,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/03\/quik-logo-tm3.jpg\" height=\"58\" width=\"200\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Quik-Logo\" \/><\/a>After yesterday&#8217;s <strong><a href=\"http:\/\/www.boardistan.com\/?p=6333\" target=\"_blank\">Quiksilver conference call<\/a><\/strong> we kind of knew this was coming, but <strong><a href=\"http:\/\/www.reuters.com\/article\/hotStocksNews\/idUSTRE52B5PL20090312\" target=\"_blank\">Reuters<\/a><\/strong> is now reporting that the company&#8217;s stock fell more than 20 percent in early trading based mostly on word that Quik was looking to sell off assets.<\/p>\n<blockquote><p>Analyst Eric Tracy of BB&#38;T Capital Markets said in a note to clients that the company&#8217;s view of a muted cash generation, coupled with an extension of its credit line makes an asset sale unavoidable. . . &#8220;We believe the company may seek to sell its DC business to a strategic or financial buyer,&#8221; the analyst said, while expressing his worries that by selling DC, Quiksilver &#8220;would lose its fastest-growing, highest-margin business.&#8221;<\/p><\/blockquote>\n<p>That&#8217;s the rub isn&#8217;t it? Reminds us a little of <strong>Stephen King&#8217;s<\/strong> story <strong><em><a href=\"http:\/\/en.wikipedia.org\/wiki\/Survivor_Type_(Stephen_King)\" target=\"_blank\">Survivor Type<\/a><\/em><\/strong>.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.reuters.com\/article\/hotStocksNews\/idUSTRE52B5PL20090312\" target=\"_blank\">Reuters<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After yesterday&#8217;s Quiksilver conference call we kind of knew this was coming, but Reuters is now reporting that the company&#8217;s stock fell more than 20 percent in early trading based mostly on word that Quik was looking to sell off assets. Analyst Eric Tracy of BB&#38;T Capital Markets said in a note to clients that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/6393"}],"collection":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6393"}],"version-history":[{"count":2,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/6393\/revisions"}],"predecessor-version":[{"id":6395,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/6393\/revisions\/6395"}],"wp:attachment":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}