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Skullcandy, Inc. Message Board

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  • hamp.steph hamp.steph Dec 17, 2012 6:22 PM Flag

    IPO's at $20, bumps up 15% 1st day to $23. Crashes below $8 1 1/2 years later. WOW!!!

    1st of all....share buyback / dividend talk? with what cash?

    Secondly, read the terms of their credit facility. these 2 actions are explicitly prohibited in the current terms.

    Sentiment: Hold

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    • Zagg had the same language prior to redoing its credit facility which then permitted it. Skul has more cash than zagg when one considers Zagg has cash because of its long term debt. Not suggesting Skul go nuts borrowing money to purchase stock, but taking steps to make it a possibility is positive. Not uncommon for companies with debt to repurchase stock.

 
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