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Skullcandy, Inc. (SKUL) Message Board

  • valueinvesting123 valueinvesting123 Aug 23, 2013 1:27 PM Flag

    SKUL up 10% since credit line

    Shares of Skullcandy are up 10% in two days since management released the terms of their new credit line on Wednesday after market close.

    The new credit line has favorable terms for the company. They don't use the credit line often but it gives them freedoms them didn't have previously. Most importantly they now have the ability to become acquired or merge, and they can do up to $50MM in share buybacks over the next 5 years at a 1.5% premium to LIBOR.

    I also liked the net income provision, it gives investors assurance they will remain profitable over the next 5 years.

    Sentiment: Buy

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SKUL
7.85+0.06(+0.77%)Oct 1 4:00 PMEDT

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