Tuesday, August 30, 2016 2:13:10 PM
I don't follow your logic?
Mr. Drexler clearly states he considers Quiksilver and Mr. McKnight not likely leaving the company a liability at a minimum, if not a full red flag, yet Mr. Drexler chose to purchase 3.5m shares of Quiksilver under the control of Mr. Mcknight as opposed to selling short Quiksilver or at the minimum take no position until Mr. McKnight departs. Mr. Drexler suffered significant losses on his long Quiksilver investment. What is to like about that decision?
It's akin to looking out your window to see a severe rainstorm and then deciding to wear your best suede footwear and sports jacket without the use of at the minimum an umbrella.
Mr. Drexler's decision is hard pressed to be described as brilliant either in 2014 or hindsight today.
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