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Skullcandy, Inc. Message Board

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  • chaz16669 chaz16669 Jan 2, 2013 9:30 AM Flag

    jeffreis down grades skul, to under perform, competition!

    Look out below. Hard to believe there is about to be no longs in the money on this stock. Jeffries reiterated its buy and 17 price target a month ago. They must have some knowledge/research about the holiday sales to drop the target from 17 to 6?. That change is very significant, and in my opinion essentially says this company is all but done. That price is a fraction above book value and a forward PE of 5.

    What puzzles me is the overall feedback and sentiment from retailers and consumers regarding Skul. Strong sales, popular product and satisfied users, etc. Sales are increasing far greater than margin decreases, so I think this supports the popularity.What gives?

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