Slater's April Fools?

Ahhhh... I forgot about that whole world clock and GMT stuff.

Nonetheless I'm still a little surprised the legal team let this one through.

 

Not April Fools. He wants to start a more responsible clothing brand, sustainability and all of that. Quiksilver uses Monsanto to produce their shirts being part of the issue.

http://www.theinertia.com/business-media/quiksilver-and-monsanto-bedfellows/

 

Yeah based on all the articles I read it is no joke. He is leaving. This is the end of the 1st quarter so probably that is the reason for the timing vs April fools.

 

The time could have something to do with the upcoming contest as well.

 

What's the deal with the "Kering World Championship Surf Series" is this supposed to take on the ASP?????

Check out Chris Cote's Instagram picture.

 

http://www.kering.com/en/brands/sport-lifestyle/volcom Looks like he might be having volcom stickers on his boards soon. That and electric visual are the only 'sports and lifestyle' brands i could find.

 

Not riding for volcom.... starting his own....

 

If you had shorted QS when the news first came out, you'd be sitting pretty!

 

And those "insiders" and Kelly would be guilty of insider trading and I think the SEC would have a little something to say about that. I know KS pulls this stuff yearly but this is not like his I'm gonna be a boogie boarder now prank. As others said there are millions at stake here and laws governing stuff like this.

 

News appears to be true. Good luck to both of them. At least if it doesn't work out Kelly can quit it all whenever he likes and still be set for life. Retire to a nice beach with the family and keep living the dream.

Quik on the other hand is rolling the dice. When this is the positive spin analysts are spitting out:

and this is in the Risk Factors section of their most recent 10-Q report

His contract was expiring and it was probably time to cut the cord. Kelly was probably getting too expensive for what he was worth. Quik is trying to appeal to the average joe surfer. The 15-25 yr. olds. It's a tough sell trying to market yourself to that age group via product endorsements from someone that's older than many of their parents.

They're interested in quarterly profits not grass roots involvement. The "transitions from a founder-led organization" will be their undoing.

My opinion...it won't be too long before the bean counters insist that quik gear be sold at every Target in America. When approved they'll be firing out resumes the next day.

 

I think KS's shenanigans are minor compared to the bigger fish.
anyone pick up Flash Boys? Lewis's new book on the HFT algos is super sick. thats a criminal investigation waiting to happen, software frontrunning and skimming on every trade. The parasite is bigger than the host at this point

 

If any of you guys watched Margaret River last night he didn't have any stickers on his boards and no Quiksilver gear from what I could see. At first I thought it was an April fools joke but now I'm convinced it must be real, crazy timing though.

 

it's 100% legit.
http://www.aspworldtour.com/posts/36260/asp-exclusive-slater-on-quik-split

 

self confidence is good.
interviewer: do you surf as well as he?
oipaul: easily.
interviewer: that settles it. you're hired.

 

Caught this after his loss. He looked like he wanted to cry when he was really talking about it in the beginning.

I think Kelly is a stand up dude, and wish him the best of luck. However, you wont catch me rocking a $100 T-Shirt made with natural products...

 

Hopefully he comes out with something totally different from any other surf brand. I wonder if he will eventually build his own team. Regardless it's cool to see him break off and do his own thing, I just hope it doesn't flop.

 

I'm afraid this may be true. He'll obviously never leave the sport but I think he wants to be kelly the businessman or kelly with a cause over Kelly the competitor that he's been for the past 20+years. He's probably scheming on how to take down Monsanto.