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Skullcandy, Inc. (SKUL) Message Board

  • khan_bas khan_bas Mar 9, 2014 12:04 PM Flag

    this is 15+ stock

    great opportunity here to buy and hold

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • wall street doesn't like skul. You need to find out for yourself.

    • You accidentally put a 1 before your 5.

      • 1 Reply to nfpcomp
      • """""Perhaps most important for SKUL in this turn-around story is its healthy balance sheet. SKUL ended the year with $38.8M in cash and cash equivalents, a significant jump from levels a year ago at $19.3 M !!!!!!!!!!!!!!! Total current liabilities declined from $43.9M to $39.4M with NO outstanding debt (same as a year ago)."""""""""""

        Summary
        •Earnings beat expectations, guidance demonstrates return of growth.
        •5-pillar turnaround strategy appears to be working.
        •Wild post-earnings trading action raises a red flag.

        Way back on December 24, 2012, I wrote "Reasons To Bet On A 2013 Recovery For Skullcandy." In less than two weeks, I had to write a near apologetic follow-up after a downgrade from Jeffries took the stock down another 13% in one day. It took another four months for the stock to finally bottom, including a retest three months later. Fortunately, I stuck with the thesis and continued scaling into my position. On Friday, March 7th the big payoff finally arrived in a big post-earnings surge higher. The recovery for Skullcandy (SKUL) has finally arrived…but it comes with a major caveat from a stock that went berserk in response.

        The introduction to the Q4 2013 earnings announced on the evening of March 6th speaks volumes:

        "2013 was a year of tremendous positive change geared toward executing our turnaround strategy. We now have a clear long-term vision for transforming Skullcandy and Astro Gaming into the most innovative brands in audio through obsessing about our consumers, disruptive technologies, and creative branding…The year was capped off by a strong fourth quarter performance focused on reinforcing our brand ethos and positioned the business for long-term success."

        Sentiment: Strong Buy

 
SKUL
7.71+0.08(+1.05%)Oct 20 4:00 PMEDT

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