I miss you guys - well everyone except for onepoint - I finally bit the bullet and bought back in here after a long time at 6.50$ so now we are destined to go below $6 -ha! I keep using the Skullcandy product and telling other people about it and universally this is a great product that everyone is impressed with - too bad the stock is so awful - Maybe it tried to double bottom at 6.37 on Friday? Dunno -
No idea what the future holds but figure I will hang around for earnings and see if these guys can finally get their act together - a friend saw them present in FL and said he was pretty unimpressed - sounds like they are placing a bunch of emphasis on gaming - I will take a buyout at 10$ a share...
Anyone else still hanging around here?
Oh yeah - I took a bad loss on those puts but that was back on 2012 when the stock was still above 10 bucks a share - I dumped all my shares the day after earnings when we were in double digits ... bad loss after basically having four or five winning trades on skul in 2012 - guess I cant retire yet ....
I know you miss me man.
You took a reasonable shot at $6.50. I didn't take it because on Friday it was pushing on the low, $6.34, with higher volume. Tells me there is still supply.
You apparently thought supply dried up so you should expect it to jump out of the gate today on that near-test, but it's not.......demand is not proving itself.
Also, it needs to get back and close inside the range of Jan 2nd, above $6.55, pronto. But so far today it's not showing demand. If it's not back up there by tomorrow, Tuesday' close, it's probably going lower.
I believe I'll wait for a test of $6.34 and see if it can close above it on lower volume.
yeah your right i kinda miss you onepoint - kinda -
I will buy more if it bounces around 6.35$ - i mean I dont think someone will buy this thing but taking it private around 10 bucks a share makes sense - does seem like they will finally try and make a stand with some share buybacks at the con call - that being said these guys are getting walloped by new competition - Their shelf space at the apple store was almost non-existent when I was in there last week -
My new love lately has been Leapfrog (LF) - earnings come out in a few days - Leapfrog will be my new heartbreak for 2013 - the stock I love and use with a good brand and good fundamentals that destroys me - Got a LeapPad2 for the little one for Xmas - she loves it - she watches movies on her LeapPad with her Skullcandy Hesh's - then of course she borrows my aviators and gets pizza sauce all over them ... good times -
BTW - If you go to their website under investor relations and presentations, there is a pdf basically highlighting their pitch. Agree, they sure do put a heavy focus on gaming
Sentiment: Strong Buy
The presentation is a nice read. Skullcandy has tons of room for growth. As a brand, they can pretty much sell anything and slap the Skullcandy name and culture on it. Kids will buy it up. The brand is also getting better. There were quality issues in the past, but products are better now, which strengthens the brand.
Sentiment: Strong Buy