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Skullcandy, Inc. Message Board

  • nathang0586 nathang0586 Feb 4, 2013 9:37 PM Flag

    shorts europe is fully open to profit

    The acquisition has enabled us to take direct control of our European business, which we believe is allowing us to capture revenue that would otherwise have been earned by 57 North and accelerate our growth in this region. Prior to our acquisition of Kungsbacka 57 AB, we operated in one business segment. As a result, the three months ended September 30, 2012 are not comparable to the three months ended September 30, 2011 as the prior year does not include a full quarter of activity for our direct European Business. Included in the North America segment for the three

    Sentiment: Strong Buy

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    • KOSS just reported a big hit in their Europe business and Andrus was very cautious about the business there during Q3 earnings. They have indicated tax leveraging advantages from the purchase, but sales are not on fire....

      Growth will have to come from gaming, new product development etc. If you have followed this stock as long as I have, the Europe "card" has been played over and over. I have seen no significant investment in trade shows, events etc. outside of the US, so the thesis on International growth beyond "control" and elimination of distributors is week and there s an added cost involved with new offices and payroll. Net Net it is a break even at this point.


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