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Skullcandy, Inc. (SKUL) Message Board

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  • rexobxip rexobxip Nov 6, 2012 3:58 PM Flag

    When does it stop???

    I have a bunch of shares, and love the sentiment, but the short sellers seem to be having their way with this stock... reselling the same shares over and over again. The past couple of days action has seen the trading of a huge percentage of the float, and very little on the buy side. I don't see any deep pockets stepping in to buy. Hope you are right that today's prices are a bargain, but I'm not feeling good. Still, I for one am not selling -- just wonder if my broker is lending out "my shares" for short selling. Good luck to the longs.

    Sentiment: Hold

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    • This is a growth company selling for 9 times current earnings and 7.5 times forward earnings. Based on market history, that is very very cheap. Short sellers can only affect the stock to a point before value investors get this stock up on their value screens and start buying.

      To me one of the keys is that the company has no long term debt and a strong balance sheet. This provides risk reduction in the long run. This stock price already reflects the possibility of disappointing earnings next quarter, but if they beat earnings, look out above.

      This stock may not do anything for a while so patience is required. I think however, it is only a matter of time before there is a short squeeze. All it will take is some kind of unanticipated good news, including an earnings surprise.

      The company's announcement of projected earnings for 2012 may include a hedge by them so that they have a better chance of beating their projection.

      I have always viewed a company with strong fundamentals that gets cheap by market movements or manipulation as an opportunity to make money for the patient investor.

      I bought more shares today, and if it declines further, I will buy more again absent any news.

      If their earnings are strong for this quarter, the fear of their competition negatively affecting this company's growth with dissipate.

    • Rex, it is illegal to short your shares unless 1) You have signed a agreement 2) You have bought said shares on credit or margin.

      If your broker (or any other broker for that matter) has loaned out your shares that were secured with cash, then I would be call your broker and the SEC at the same time on a conference call! By the way, by law, if you end a loan agreement, the broker has 3 days to cover said shares.

      Sentiment: Strong Buy

    • If your shares aren't held in a margin account they CAN NOT be loaned out.

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