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Skullcandy, Inc. (SKUL) Message Board

  • lesspheus lesspheus Feb 1, 2013 2:56 PM Flag

    Who in earth is selling at these levels?!?!

    Forward P/E is 6.
    In two years tangible book value will equal about current market cap.
    Their bank (typically conservative) agreed to allow the company to borrow $28 Million to buy back their own stock.
    The company negotiated to be allowed to buy back the stock, so clearly they are interested in doing so.
    The headphone market has been crowded for years, but still Skullcandy had thrived. It isn't as if there is a sudden drastic change for the worse.
    Skullcandy is super cheap here.
    If the buyback buys is completed at an average of $7 per share, the boost to EPS on next year's estimates will bring the forward P/E down to 5.4!!
    I believe that next years estimates are too conservative. New products and further traction will prove positive.
    Skullcandy will get back to $15 to $20. It should easily be over $10 right now.

    Sentiment: Strong Buy

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