Skullcandy, Inc. (SKUL) Message Board
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Raymond James Lowered
to "market perform"...That doesn't help us longs today....They feel ear buds decline with more head phones will hamper them with further competition..That's what I read, plus growth slowing in percentage terms....Don't beat up the messenger...holding what I have....
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Skull candy makes the full gamut. They even make an in ear headphone now to compete with the recent downfall due to Apples new headphones. Holding long at 12.50. We will be in $14 next week and I will sell again just like I have been over and over and over. LOL. SKUL makes an awesome line of products, they are continuing to enter new markets and grow. Not really concerned about it being downgraded as a ton of bad news is already factored in.
Sentiment: Strong Buy
- 1 Reply to wells_montague
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After chewing on this for awhile I think the analysts have this one wrong. Wells, you are exactly right in that they have expanded their line to fully compete and are gaining share in the headphone line. I am confident sales will beat forecasts, but I am more interested in margins and G&A expenses.
I think they have done everything necessary as a company to adjust to market trends. Are they even considering international growth and the gaming headphone market which is more than solid?
What makes the least amount of sense is a downgrade after the share price has dropped 25% in the last month. Downgrading a company (which was not overvalued to begin with) after such a decline tells me the company is in the toilet, which is not the case here. Assuming the company only maintains its 2012 EPS, the analysts are suggesting a 9 PE is market perform.
All this means nothing if Q3 numbers are bad and the analysts got wind and mgmt has been selling us crap. But until otherwise, I'm believing what mgmt has been telling us and will remain long.
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Interesting...Wonder how an investment firm arrives at such conclusions (i.e., what market data and studies) as I would think they would have something solid other than their opinions? Would Skull be leaking info prior to the Q3 call? I guess I don't understand the timing right before earnings release. Wouldn't an investment firm wait to review earnings and hear from management before making such a decision cuz they could look real ignorant with this rating?
- 1 Reply to chaz16669
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for apparently those reasons I mentioned.....market changing to a more competitive "covered ear phones" from ear buds I was reading..Trust me, they are not always right...but stock in a continual slide today..and withhout seeing the "actual release" may be their own brokers getting out front and before the change "hits" the wires...Don't know...Just speculating....
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did they change estimate
- 1 Reply to tpayne1130
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have read the release..Brother is a broker with them..Prior target at 20..No new target mentioned in current release...maybe some selling "prior" to the release that apparently has not "hit" the news wires just yet...
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Don't see that .. Last one I see is this one
Thomson Reuters/Verus upgrades SKULLCANDY INC from SELL to HOLD.
Investars Analyst Actions - public – 7:08 PM ET 10/16/2012
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