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Skullcandy, Inc. Message Board

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  • A Yahoo! User Dec 14, 2012 11:45 AM Flag

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

    Wise words, thanks for your comments Corey. I tried to reply to your posts yesterday but posts just kept disappearing (I'm not the only one having these issues am I?!)

    I agree that a short squeeze shouldn't be the main reason to invest your hard earned here. It should be an 'O' in a SWOT analysis, but I see other more fundamental reasons for buying in. Perhaps you're right about holding this stock being a bad idea (I'm not experienced enough for options trading) but I do think the company can profit long term in this market though.

    Main reasons I invested are - Continual revenue growth. Growth of overal market for headphone accessories.Strong brand awareness and established place in that market. Investment in new regions (Europe) which should pay dividends in time. Attractive valuation multiples. Company carries virtually no debt.

    I also agree that the board would be wise to do something to recognise the currently under valued SP, by dividend/share buy back, cancellation of automatic director sales. I wrote to SKUL investor relations with some questions in this regard abour 3 weeks ago but have never heard anyhing back which doesn't make me feel any better.

    Sentiment is against this stock right now, shorts in control. Long term I see value winning out, and at c.$8 I see a lot more upside than downside from here. BUT If growth starts to slow significantly then I'll get out. Don't invest what you can't afford to lose, not a stock for the faint hearted!

    Sentiment: Buy

3.63-0.02(-0.55%)May 26 4:00 PMEDT