Lazard Capital Markets doubled its price target on Quiksilver Inc‘s stock, saying the apparel maker would be helped by cost-cuts and a weaker dollar.

The company’s shares rose as much as 8 percent to $3.80 in early trade Monday on the New York Stock Exchange.

Lazard said it estimates second-quarter earnings of 5 cents a share, which it believes to be conservative. Quiksilver  ( ZQK –  news  –  people ) is scheduled to report results Monday after market close.

‘Our annual estimate assumes $40 million in cost saves, but Quiksilver noted … that there were still opportunities to eliminate redundancies in its global structure and to reduce costs in the Americas, which means a second cut could lead to higher guidance and raised estimates,’ the brokerage, which raised its price target to $6 from $3, said in a note to clients.

If Quiksilver manages to successfully restructure or refinance its debts, it would not be necessary for the company to mull over the sale of its brands, the brokerage, which has a ‘buy’ rating on the stock, added.

Quiksilver, which began making outdoor sports and surfing apparel in the 1970s, said in March it plans to sell some of its assets in an attempt to prop up liquidity.

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Telo Islands, Sumatra, Indonesia: Resort Latitude Zero has officially opened its doors for business and is already redefining the future of land based surf resort options in North Sumatra. Spearheading this ambitious project is Matt Cruden, one of the early pioneers to surf the archipelagos along the west coast of Sumatra in the early 1990’s and the owner of one of the most acclaimed surf charter boats in this region, the Mangalui Ndulu. Matt’s experience and know-how in this industry and this part of the world are second to none.

The Telo Islands are one of the last remote surfing outposts in Indonesia. Straddling the Equator and situated just north of the Mentawais the Telo Islands offer an astounding number of surf breaks well suited for all levels of surfing abilities. Resort Latitude Zero is located in the geographic center of the entire chain offering our guests access to nearly two dozen waves all within a convenient 45 minute speedboat ride from the resort. From mellow pointbreaks to ominous barrels the Telo Islands have a perfect wave for everyone!

Resort Latitude Zero is set within a natural coconut garden on its own paradise island with clear, calm, aqua-toned waters lapping its shores. Our core philosophy and style is based on Queenslander-style comfort offering dynamic 270 degree ocean views, unique design features, a luxurious swimming pool, large chill out lounge area, high ceilings, and 8 air conditioned bedrooms. If you are looking for the most exclusive North Sumatra surf retreat, you’ve found it!

Resort Latitude Zero offers top-level service in every aspect of the resort’s accommodations, services, activities, amenities and food. For more information about setting up your next surf adventure in paradise please visit one of the following websites for detailed information:

International: www.resortlatitudezero.com – Matt Cruden
United States: www.teloislands.com – Anthony Marcotti
Australia/New Zealand: www.worldsurfaris.com.au – Shaun Levings

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Surfers paddled out, joined arms and chanted “Tony” nine times in a circle of love and remembrance for their fallen mate.

The surfers’ farewell at Lyall Bay on Saturday was in calm water, contrasting with the rough conditions five days earlier when musician and surfer Tony Costa died after a collision in the water.

Mr Costa, 33, is survived by his wife of nine years, Sam, and their daughters Jah’min, 9, and Unity, 6.

More than 100 people watched from the shore as surfers paddled into the formation.

Mr Costa’s casket was driven to Lyall Bay after his funeral service at Celebration Fellowship Church in Thorndon Quay. A surfboard was signed with tributes to Mr Costa and messages of support for his family.

“It was the perfect sendoff for the bro,” friend Fiso “Flowz” Siloata said.

“There were so many people. The side of the beach was packed. A DJ played Tony’s music out live while we went out into the ocean.”

Mr Siloata’s son, Star, who was taught to surf and skateboard by Mr Costa, paddled into the middle of the circle to lay a wreath in the water.

Earlier in the week, family members told The Dominion Post about Mr Costa’s love for his daughters he called them his queens his devotion to his music and his passion for living life on the edge. He had travelled to Wellington from his home in Palmerston North to work on an Illyspillaz album with music friends.

Mr Siloata, from hip-hop group Foot Souljahs, shared Mr Costa’s love of music rather than surfing, but entered the circle to pay tribute to his friend of 15 years.

“I just went out there because the bro was trying to get us into the water for so long. We all held hands and chanted Tony’s name. Then all the surfers went out and caught a wave.” It was what “Tony would have wanted”.

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