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Alias Born | 02/27/2014 |
Saturday, June 27, 2015 8:51:17 AM
I doubt that VF Corp or Nike should be interested in the company, because if it was....then Quiksilver would probably have auctioned itself long time ago with it's unsustainable debt load.
However, I do believe in the rumor that VF Corp might be considering buying Puma AG, with the Euro low, the valuation low and the limited debt.
Debt to equity at Puma AG is 0.03, while it is 4-5 at at Quiksilver....it's a non-brainer what not to buy based on that metric alone.
Listening to Codie, Quiksilver is a whole lot more attractive in bankruptcy than as going concern.
Drexler's job right now gotta be to keep Musclepharm afloat, and make it show a few quarters of profitability before auctioning it....A company will sell for much more if it has turned around, even if the turn around is not sustainable....all that matters is that the buyers believes it is.
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