SkullCandy $28 Million Dollar Share Buyback?? Now is the Time for the Buyback!!
Guys I am new to this forum and read that Skull had arranged to buy back $28 Million worth of shares this year. With this stock floundering at around $5 that $28 million buyback equates to almost 6 million shares out of a total of 28 million shares. The Short Interest is over 8 Million shares and this seems to be a great time to move forward with the share buyback.
Does anyone have any info on the share buyback plans for 2013 and don't you think this could trigger a short squeeze considering the numbers mentioned above??