The Street - Skullcandy Inc. Stock Downgraded to SELL!
NO DOWNGRADE. There is no change to the ratings of the regular analysts covering this stock.
"TheStreet" should be investigated for using such alarmist language. No doubt they are in collusion with big interests. Note their disclaimer:
"TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model."
Their model weighs heavily on stock performance and the fundamental metrics are a non-issue for SKUL; a red herring and there is nothing new.