Struggling shoemaker K-Swiss (NASDAQ: KSWS) received a much-needed boost from the mid-January announcement that it would be acquired by South Korea's E.Land conglomerate for around $170 million. K-Swiss had been dealing with major structural issues and had suffered losses of more than $160 million since the onset of the recent recession. In addition to cost-control problems, K-Swiss had struggled with declining sales of its tennis shoes and other more »
In the last 3 months, Nike's (NYSE: NKE) stock price has surged 12.25%. If you are excited by that, you would probably jump at this one. Nike's stock price has appreciated 73.8% in the last 5 years. And that includes the period of the Great Recession (2007-2010) as well. Mark Parker's efforts to improve the company are showing through stock price appreciation.
But here's more »
Mario Gabelli, a famous investment manager, initiated a long position in K-Swiss (NASDAQ: KSWS) on Feb. 25, after the company received a buyout offer from E.Land World for $4.75 per share in cash, or $170 million. His move might indicate that he thought a $4.75 per share offer is not enough for K-Swiss.
Previously, he did the same thing about Caribou Coffee when the company was offered more »
On Jan. 17, shoemaker K-Swiss (NASDAQ: KSWS) finally caught a break, as South Korean apparel distributor E-Land World offered to buy the company. Given K-Swiss’ significant net cash holdings and outsourced business model, the acquisition is a fairly low risk bet on E-Land’s ability to engineer a business turnaround at the shoemaker.
Founded by two brothers in 1966, K-Swiss was one of the first companies to introduce leather tennis more »
This earnings season we’ve seen a trend: The majority of companies have met or exceeded bottom line expectations but have been weak on top line numbers. This shows a trend of companies being more conservative and cutting costs due to a drop in demand/growth. However, there are some companies that outperformed, and simply shocked Wall Street with their quarterly report. With that being said, I am looking at more »
On June 28th, 2012 Nike (NYSE: NKE) reported fourth quarter financial results. The report is as described below.
- Nike earned $549 million in its fourth quarter, which was down from last year’s earnings of $594 million, during the same period.
- Nike earned $1.17 a share in its fourth quarter, which was down from last year’s earnings per share of $1.24, during the same period.
- Revenue more »
Everybody knows about Warren Buffett’s decree that if he still managed less than $1,000,000 he could return over 50% per year. One way I believe individual investors can strive to achieve this lofty goal is through devoting a typically small part of one’s portfolio to a form of speculation I call Binary Plays.
I call them this because the company’s stock usually hinges on a more »