We review VF’s results because they own brands we are interested in. Same reason we review Jarden’s, PPR’s and other companies. But we rarely get much information on those brands because they are part of a larger segment by which the corporations represents its business. And, in the case of VF, we get literally nothing on Reef because it’s so small that its contribution to the action sports and outdoor segment isn’t significant More…
Archive for November, 2011
VF’s Quarterly Result; Why is it We Bother?
Tuesday, November 22nd, 2011What Will You Do When Your Greek Receivables are in Devalued Drachmas?
Thursday, November 17th, 2011There are lots of public company quarterly reports I should be writing about, but I am going to step off that track and think, for a bit, the unthinkable. Or at least it was the unthinkable. But at this point the Eurozone seems to be moving towards two choices, either of which has huge implications for managing any international business. Let’s review for a minute. What are the three things you can More…
Skullcandy’s Strong Quarter; It’s Amazing What an IPO Can Do for Your Balance Sheet
Sunday, November 13th, 2011My favorite footnote in Skullcandy’s 10Q for the quarter ended September 30 is footnote nine and specifically the table on long term debt (Yes, I know it’s kind of sad that I have favorite footnotes). It shows no long term debt at the quarter’s end compared to $73.4 million on December 31, 2010. They raised $77.5 million through the IPO, and you can see what they used it for. Equity is now $92 More…
WeSC’s Annual Report; Numbers and Strategy
Thursday, November 10th, 2011I didn’t spot WeSC’s annual report until Shop-Eat-Surf did a story on it. Now, I’ve been through it. The Swedish approach is an interesting combination of a U.S. style annual report and our 10K SEC filings. I’ll start with a review of the numbers, but more interesting (I hope) will be a discussion of WeSC’s strategy and market position. A Few Numbers WeSC is a Swedish company, so their functional currency is the More…
Jarden’s September 30 Quarter And the K2 Rolling Stones’ Limited Edition Ski Collection
Thursday, November 3rd, 2011As you know, Jarden is a big, multi brand company that did $6 billion in its last complete year. They’ve got over 100 brands including Crock Pot, First Alert, Coleman, and Mr. Coffee. They also own K2, Ride, 5150, Planet Earth, and Volkl and that’s pretty much why we are interested in the company, though I think I’ve got a toaster oven one of their brands made. The brands we care about More…
