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Skullcandy, Inc. (SKUL) Message Board

  • mikeschlegel25 mikeschlegel25 Nov 26, 2013 9:41 PM Flag

    A Utah Company

    I should have mentioned this sooner but SKUL is a Utah company. I've lived in Utah since 1978 and the one thing they have in common is everyone wants to be a boss or executive. In fact titles are more important than pay but you have a lot of executives doing nothing. What we see with SKUL is SG&A expenses have climbed from 22% of Revenues 5 years ago to 33% now. In fact last quarter it hit a whopping 44%. There are way to many chiefs and I have seen many companies bleed themselves to death over this issue. A bailout or merger from a bigger partner outside of the playground atmosphere of Park City is our real hope.

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