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Skullcandy, Inc. (SKUL) Message Board

  • vins3001 vins3001 Mar 8, 2014 2:29 PM Flag

    Long ($ 14) to the results in 2014 and the World Cup with Thiago Silva sponsored by Skullcandy

    , which has made sourpusses out of investors for years, dished out tasty Friday gains.

    Shares of the troubled headphone and earbud marketer rocketed more than 50% in early trading before closing at $9.23, a 24% gain. The climb came after CEO Hoby Darling said turnaround efforts would reverse sliding sales and earnings in 2014.

    Darling's comments came late Thursday after SkullCandy reported fourth-quarter net income sank 73% on a 28% sales drop. But Darling, a former Nike executive hired as CEO in March 2013, said new products and foreign growth will boost 2014 sales and profits by at least 5%.

    Skullcandy plans to roll out sports-style and women's product lines by mid-year, and will test $20 to $35 earbuds and headphones at Wal-Mart. About 44% of Skullcap sales come from earbuds, 46% from headphones and 10% from speakers and accessories.

    Friday, D.A. Davidson stock analyst Andrew Burns raised his price target to $10 a share, while Northland Capital Markets' Ryan MacDonald set a $12 price.

    Sentiment: Strong Buy

7.49-0.02(-0.27%)Jul 2 4:00 PMEDT