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Quiksilver Stock Price Falls Below $1

As Quiksilver stock continues to drop and the sale of Rossignol continues to loom over the company’s head, rumors of a buyout by VF continue to swarm. VF, owner of Reef and Vans, is showing a strong portfolio despite the economy. Quiksilver would be a nice addition to their group. At this time, nothing has been confirmed. Analysts are waiting until the end of the fiscal quarter (Oct. 31) to see what happens with the pending sale of Rossignol. The intended buyers may be having trouble securing financing. Rossignol has been a drain on Quiksilver for some time and the company is planning to unload Rossignol for less than half what they paid to acquire it a few years ago.

2 Comments

  1. All you have to do is look at the board of directors to see how screwed Quik is….the bean counters wouldn’t know what “cool” is if they were hit in the head with baseball bat made of frozen yogurt…..and yogurt isn’t cool either!

  2. All you have to do is look at the board of directors to see how screwed Quik is….the bean counters wouldn’t know what “cool” is if they were hit in the head with baseball bat made of frozen yogurt…..and yogurt isn’t cool either!

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