Analyst Says Quiksilver Debt Reworking Makes Sale Less Likely

According to Brandon J. Ferro, an analyst with KeyBanc Capital Markets part of Cleveland-based KeyCorp, Quiksilver's bid to rework some of its debt makes it less likely the company will sell some of its brands or even all of the company.

This comes after ZQK stock surged to 2.59 on Monday, January 26 after longtime speculation that it was selling DC to VF Corp reached the investor level, credited in part to an article in WWD.

The OC Business Journal reports: “An analyst on Tuesday threw coldwater on the prospects of Huntington Beach-based Quiksilver Inc. selling part or all of the company as it seeks to restructure its debt in February.”