Entries by jeff

A Brief Remembrance of SPY CEO Seth Hamot

This isn’t the kind of thing I usually choose to write about.  After some thought, I wanted to express how sad I was to hear about the recent passing of SPY CEO Seth Hamot.  For years before I met Seth, I gave him a hard time.  As a public company, SPY was a valuable source […]

Zumiez’s Annual Results; And Tales from its Conference Call

My favorite part of a Zumiez’s conference call is when CEO Rick Brooks apparently decides the analyst has asked the wrong question or doesn’t quite understand the implications of what’s been asked.  Two plus pages of transcript later, sometimes ably supported by CFO Chris Work, we may have forgotten the original question, but we’ve always […]

One Last Time! Billabong Reports Its Half Yearly Earnings.

Thursday’s earnings call by Billabong for the six months ended 31 December 2017 was its last unless something unexpected happens.  With an anticipated late April closing of the acquisition of Billabong by Boardriders for $1.00 a share, with Billabong ending up private, we won’t be seeing any more of the company’s numbers. Everybody knows that […]

Insights on the Sale of Billabong to Boardriders

On February 14th, Billabong released a 194 page document explaining the deal under which Boardriders (formerly Quiksilver and owned by Oaktree) will buy it for $1.00 a share (all number in Australian dollars unless otherwise noted).  You can go to this page and click on “Court Orders Convening of Scheme Meeting” to download the document […]

Trade Shows and Scooters

I’m back from the first combined Outdoor Retailer/Snow Show trade show in Denver.  The most impactful thing I brought back from the show was the flu.  You guys who had dinner with me Thursday night- let me know if you got it. You know, last year I came home from Denver with what turned out […]

Speaking of Consolidation- Boardriders’ Acquisition of Billabong

Back in September of 2013, when Centerbridge and Oaktree invested in Billabong, there was some discussion/consternation about the possibility of Oaktree combining Quiksilver, which it already controlled with Billabong.  Quiksilver’s name, as you know, was changed to Boardriders.  It owns the Quiksilver, Roxy and DC brands.  Billabong’s three largest brands are Billabong, RVCA, and Element.  […]

Agenda Was Kind of Slow Last Week

In the past, I’ve been more than willing to criticize trade shows, suggest changes, and express our mutual uncertainty as to what the role of trade shows should be and how they should perform that role.  Even recognizing that the winter Long Beach Agenda typically has lower attendance than summer, I was surprised at the […]