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Skullcandy, Inc. (SKUL) Message Board

  • hageneriksson hageneriksson Mar 7, 2013 6:48 PM Flag

    given the size of the q1 shortfall the stock holds up very well

    indicating that at least some investors have been prepared for dismal guidance already - quite understandable given the recent slew of downgrades and the CEO departure

    but given the fact how bad things are at the company currently and no visibility beyond Q1 I would expect the stock to set new lows tomorrow as analystst will have to cut estimates across the board.

    cash is also down to already dangerous levels

    would expect very cautious analyst commentary tomorrow and most likely some more downgrades

    given the state of the business and the reduced cash position the stock looks still overvalued here

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