Wednesday, May 26, 2010

Loews Dog Surf Contest - How About a Surfing Stock Index?

Last Saturday, on May 22, the annual Loews Dog Surf Contest was held in Coronado, California. Yes, you read that right, a surfing contest for dogs. If you weren't able to get to Southern California to see the event, you can see some of the highlights in the following video.

We've already published the dog lovers portfolio. But how about a surfing portfolio.

Quiksilver Inc. (ZQK), located in Huntington Beach, California, is the major player in the surfing arena in the United States, producing and distributing surfing apparel, footwear, accessories, and related surfing products. The stock has recently been generating negative earnings, but has a forward PE of 18.5. The PEG ratio is 3.04.

Billabong International ADR (BLLAY.PK) is another producer of surfboard shorts, swimwear, T-shirts, jackets, and footwear. The company, which is based in Australia, also sponsors pro surfing tournaments in Australia, South Africa, and Spain. The stock has a market cap of $2.5 billion.

There is also International Surf Resorts, Inc. (ISFR.OB), which is a development stage company which plans on operating as a provider of international surf resorts. This is an extremely low cap stock which rarely trades and should be considered very speculative.

Relative of the author owns ZQK.

By Stockerblog.com

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