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Skullcandy, Inc. (SKUL) Message Board

  • gatorlabs75 gatorlabs75 Jan 25, 2013 8:29 AM Flag

    Downgraded by Piper Jaffray to Neutral from Overweight PT $7

    Piper Jaffray cites the competitive environment and a lack of near-term catalysts. PT lowered from $15 to $7.

    Here is the setup for a monster (no pun intended) drop. I bet this goes down 10%+ at open.

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    • I would estimate BV at about $5.20 per share as of today with projected EPS greater than $1. With price targets of 6 and 7, the analysts are basically saying this EPS estimate is not possible and Skul will never make money and fail. I guess this is a possibility, but that's a strong position to take today. I guess they're predicting this trend.

 
SKUL
7.58-0.07(-0.92%)Sep 16 4:00 PMEDT

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