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Accounting Is Fishy at the Zumiez (ZUMZ) Surf Shop

March 29, 20111Comments

by David Trainer, Founder & CEO

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1 Response to "Accounting Is Fishy at the Zumiez (ZUMZ) Surf Shop"

Accounting Smells A Little Fishy Down At The Zumiez Surf Shop - Great Speculations - Buys, holds, and hopes - Forbes
March 29, 2011

[…] The combination of fishy accounting and dangerous valuation means ZUMZ gets our “dangerous” rating. We recommend investors sell or short the stock. Looking beyond the reported accounting results reveals that ZUMZ is not quite as profitable a company as it seems, and its valuation has out-grown its true economic earnings by a wide margin. For more details, see our report on ZUMZ. […]

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