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Skullcandy, Inc. Message Board

  • benshometownflooring benshometownflooring Oct 30, 2013 5:40 PM Flag

    Floatable seat cushion needed, not life jacket.

    Mike, you were right, I think. Looks like mixed basket and more waiting.

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    • Will depend on how the analysts respond (if they even do). Only 3 analysts chimed in with questions on the call, which is very low compared to other calls. Overall I was very impressed with Hoby's presentation. Forget Q4 or 2013. I have been saying all year that this is a 2014/2015 story. Bottom line is they could have beat revenue guidance handily and EPS (which they beat anyhow) if they opened the floodgates like the past management to the off-price channel. 2013 is a true "reset" year but the good news is its still cash flow positive (despite a tiny net EPS loss) and they have enough FCF to see the turnaround to completion, unlike JC Penney for example. Skullcandy is a perfect example of a company that should be private as Hoby is making all the right moves, but making these moves (which shows a ton of constraint) is always short term painful on the Street. He also spent a good chunk of time explaining that the Beats headphone model (without mentioning Beats but it was obvious) is trending down, which I thought was interesting. He seems like a very very sharp guy. One big catalyst I got out of this is that he is aiming to do at least one big licensing deal in the next year to leverage the brand and create alot of high margin revenue. Could this be Toyota?

    • Pretty much came in as expected. Interesting to see how the market reacts tomorrow. Remember, the market is looking for a solid plan and Hoby is open and delivering. He never promised anything overnight. I'll address my thoughts in another thread.

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