Hello Friends! Thanks again for stopping by and visiting my blog, Stock Picks Bob's Advice. As always please remember that I am an amateur investor, so please always consult with your professional investment advisor prior to making any investment decisions based on information on this website.
A little earlier this morning I sold 55 shares of my American Healthways (AMHC) stock at a 69% gain. Under my trading "system", this was a buy signal, that my portfolio was doing well, and that since I was at less than 25 positions (21 at that time), I could look around to see if there were any candidates to add a new position.
Shortly thereafter I noted that Quiksilver (ZQK) was on the list of top % gainers. As I write, ZQK is trading at $28.47, up $1.06 or 3.87% on the day. I first posted Quiksilver (ZQK) on Stock Picks on 8/28/03 when it was trading at $18.42. I had not purchased any shares of ZQK until this point.
Checking the data, I noted that ZQK posted 1st quarter results on 3/10/05. For the quarter, net revenue grew 34% to $342.9 million from $256.1 million the prior year. Earnings came in at $14.2 million or $.23/share, up from $9.2 million or $.16/share the prior year. Also bullish, the company boosted 2005 earnings to $1.62 to $1.65 on revenue of $1.48 billion to $1.5 billion.
More recently, Quiksilver announced the acquisition of Rossignol, the French ski maker.
Anyhow, that nickel was burning a hole in my pocket, and I picked up 200 shares of Quiksilver at $28.42/share earlier this morning!
Thanks so much for stopping by! If you have any comments or questions, please feel free to leave them right here on the blog or email me at bobsadviceforstocks@lycos.com.
Bob