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Skullcandy, Inc. Message Board

  • arcticfax arcticfax Nov 20, 2012 11:53 AM Flag

    Time to laugh at management team!

    What happened...5 guys from the geek squad started a earbud business?
    It's going to take more than a good product guys....
    If you don't take your fight to the STREET...
    The company AND it's investors will get killed!
    Unbelievably sad and pathetic!

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    • mortongavin Nov 20, 2012 5:09 PM Flag

      Stock down over 40% since Kyle Wescoat took over the CFO role on October 1st. Prestigious hire of industry veteran = 40% haircut in under two months. Their website does not have any link to Investor Relations. Complete radio silence from management. If you were a conspiracy theorist it would not be unreasonable to infer that the company actually wants the stock price to go down. Maybe they want the 50% private equity buy-out premium to be off a much lower level, say $6. I wonder what the institutions who got sweet-talked in to paying the $20 IPO price have to say on the matter. Who was the lead manager anyway?

6.35+0.0100(+0.16%)Oct 3 4:00 PMEDT