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Skullcandy, Inc. Message Board

  • jonnknoxx jonnknoxx May 3, 2013 5:07 PM Flag

    Is there any reason to not short this stock??

    Thinking about doing it.

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    • Look at the balance sheet.
      Do you see debt?
      Do you see low working ratio?
      Do you see a trouble area?

      If yes to any of them them you need to short.

      This is a under valued stock because of sales numbers.
      Now they have a brand new item in maker.
      New CEO.
      Summer is here with high demand for these items.

      Am long and added more at these low process.
      Good luck to you.

      Sentiment: Buy

      • 1 Reply to stock_fanthom
      • ethen91 May 4, 2013 10:57 AM Flag

        I'm long for this stock too, we tested support levels after the earnings announcement, but with the current upward trends of the market at as a whole, I would think that SKUL is particularly vulnerable to a market correction. Still, on the positive, they have no debt, 33 million in cash an cash equivalents, a new product, a new CEO and a new line of packaging and advertising. Combine that with BR up a major SKUL retailer, the restriction of off market sales, and it seems that a perfect storm has arrived to pummel this stock to its current low price. I just hope we don't fall through the $5.0 support

6.10-0.04(-0.65%)12:36 PMEDT