Recent

% | $
Quotes you view appear here for quick access.

Skullcandy, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • chaz16669 chaz16669 Jan 28, 2013 8:02 PM Flag

    SKUL 8-K filing - buyback - 1/25/2013

    The filing represents an amendment to their loan agreement which allows for $28 mil to be used for a buyback should management choose to initiate.Very similar to what Zagg did late last year. Certainly indicates that management believes their stock is undervalued. Good move for investors, but even a better move for the insiders considering how much stock they own.

    What interests me most is who is AG Acquisition Corporation, as they are co signers on the borrowing? The CFO signed on their behalf, but who else is part of this group.....?

    Anyway, we'll hear more on the earnings call, but a very solid move by management which should be received favorably.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Chaz, "perhaps" the AG Aquisition Company is their (SKUL insiders) newly formed enity to take SKUL back private? I was under the impression that Wescoat had a history of doing private equity buyouts (perhaps I am mistaken). The real float is like 9 million shares at 7 bucks a share, they could get 4 million shares.

      Something is oing on... Your right, it will be announced at the EC.

      Surprised no one picked this up in the media Friday or Today. I just happened on it as I have been checking on if Andrus filed a sale this month (he hasn't yet). Perhaps our boys are finally going to fight this stock decline?

      Lets hope, It's about time. If this doesn't change I'm exercising my 25,000 votes against any pay raises or stock option... I would hope others would too.

      Sentiment: Strong Buy

 
SKUL
6.045-0.005(-0.08%)3:30 PMEDT