Quiksilver, Inc. (ZQK)

All Comments on ZQK

  • commenter
    David White
    Sep 09 03:41 PM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    The current prediction is that Ike will likely pass to the south of the major oil infrastucture in the Gulf. However, there is still the possibility that it will veer to the north (and hit the major infrastructure). We will have to wait to see how much strenght it gains over water. Regardless the oil infrastructure is still shut in until after Ike passes. Oil is still currently falling. But grains seem to be generally staying steady. If oil rallies at all tomorrow on the Petroleum stocks report, the Ag stock are poised to go up. Perhaps they will go up anyway. They do seem like bargains at current prices. Reply
  • commenter
    David White
    Sep 09 02:44 PM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    The latest news says that 77% of oil and 65% of gas are still offline in the Gulf. This seems likely to remain this way until after Ike blows through. Reply
  • commenter
    David White
    Sep 09 01:32 PM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    KDB is apparently no longer in the market for Lehman (or part of it). This puts Lehman in danger. This in turn is very bad news for the equites markets. To some extent this is bad news for MOS and POT. However, they should benefit to some extent from the weakness in the US Dollar that this particular situation brings about. Reply
  • commenter
    David White
    Sep 09 12:37 PM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    Also the Euro is up significantly against the US Dollar today. Generally the Ag stocks have tended to go up in this scenario as commodities can be used as a hedge against US Dollar devaluation. This tends to push commodities up. Hence it tends to push Ag stocks up. This is another factor which makes the short term Ag stock long trade look good. Reply
  • commenter
    David White
    Sep 09 12:27 PM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    One should keep in mind that MOS hit a high of about $163 in mid-June 2008 before oil really started to fall. It has a lot of room to the upside. The oil and commodity (as well as economic) declines are simply not enough to substantially effect MOS profits this year (or likely next). Reply
  • commenter
    David White
    Sep 09 12:13 PM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    The first minor resistance level for MOS is around 90, so there is good easy upside potential in the next couple of days. Reply
  • commenter
    David White
    Sep 09 12:02 PM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    Further some oil companies are delaying their output recovery from Gustav due to Ike. Shell just made such an announcement. This mean there could be a cummulative 3-4 week downturn/loss of production due to Gustav/Ike. This is considerable. It should buoy oil at least temporarily. This should also help Ag stocks. Reply
  • commenter
    David White
    Sep 09 11:41 AM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    The mere fact that the gulf is largely shutting in for Hurricane Ike will effect oil production, refining, and delivery of oil via shipping to the US. These all should help buoy oil prices, which in turn should help Ag stock prices. Reply
  • commenter
    David White
    Sep 09 10:59 AM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    I should add that the PEs for POT and MOS after Q3's earnings are reported will be 15.3 and 11.8 at current stock prices. Both of these companies have been beating earnings estimates recently, so the actual figures might be slightly better. The Q4 PE's for each are 11.2 and 8.5 respectively. Obviously POT has the higher predicted growth rate for 2009 at about 70%. Reply
  • commenter
    David White
    Sep 09 10:31 AM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    Addendum to POT/MOS comment: POT and MOS tend to trade in concert with the oil and grain commodity prices. However, they are now good value plays. At some point there is likely to be a disconnect if oil continues to fall. The world has a huge appetite for food. That is not likely to change if oil prices go down. Also grain prices do not have to be extremely high for farmers to still want to buy fertilizer. The demand for POT and MOS products still looks very strong for a long time into the future. Reply
  • commenter
    David White
    Sep 09 10:14 AM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    Now it's Tuesday. POT and MOS are down substantially from Monday's open. POT is now trading around $145 -- a major support point for it. This stock could break through this support. However, there is a storm in the gulf currently. Plus the petroleum stock news due out tomorrow will likely show draw downs as a lot of the gulf has been shut in. This includes some major refineries. It seems likely this will buoy oil and gas prices at least temporarily. This would tend to buoy commodity prices in general. Plus there is a looming OPEC decision. They can only really cut production or leasve it the same. Neither of these choices should cause oil to go down. Obviously a cut would buoy prices even more. Further the market seems momentarily a little steadier after the US government took over FRE and FNM.

    All of this means that this is likely a short term buying opportunity for POT and MOS. Of course, if POT breaks substantially below $145, all bets are off. A stop around $140 might be wise.     Reply
  • commenter
    Brewer
    Sep 08 08:58 AM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    Conservatives want to deregulate business at all costs to the people. Business takes the money, the public are left bailing out the institutions while the power elite skate away with the money.

    This all started with Regan smiling ear to ear and his ultra smooth double speak about getting government 'off our backs'. To interpret the GOP just assume they are only talking to the power elite, then statements such as Pailn/McCain's recent cries of 'I won't raise your taxes, but Obama will' all makes sense.

    If you want a democracy, give the power back to the people, and give them representation in government rather than having the government there to serve the power elite.     Reply
  • commenter
    wpdragon
    Sep 06 11:07 PM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    Kurt walter your friends and heroes the Republikaans under Bush and Paulsen have been the ones to manipulate and intervene in the financial markets and now they are bailing out the idiots that got us in this mess, and you have the NERVE to whine about Obama and the Democrats turning this into a socialist state??????

    Have you had your head buried in the sand or somewhere else the last 2 years as this Republican- generated nightmare has unfolded?     Reply
  • commenter
    OldSnowCat
    Sep 06 04:45 PM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    Concerning [POT] what is the observation? And what is the recommendation?
    If I own POT should I sell it? If I plan to buy POT should I wait or execute?

    POOR professional presentation.
    Reply
  • commenter
    regeya
    Sep 06 03:13 PM
    Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
    "Understand that government bailouts and welfare state policies give more and more power to the federal government."

    They could always claim that it stamps out terrorism. Everyone, especially Republicans, knows it's okay to expand the federal government's powers as long as it stamps out terrorism or otherwise expands our military and/or police-state powers.

     Reply
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