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Skullcandy, Inc. Message Board

  • trdr1904 trdr1904 May 2, 2013 5:48 PM Flag

    Sell side analysts tomorrow

    I can already tell you what they will say tomorrow morning: "Company appears to be doing the necessary things to right the ship. We like the vision of the new CEO, but we are taking a wait and see approach to the turnaround. Reiterate neutral rating and $5 price target." Then of course if they actually do turn things around they will be upgrading to buy when the stock has already doubled off the lows. And these clowns get mid six figures to low seven figures to chase their tail. nice work if you can get it!

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    • Sounds like a pretty accurate synopsis. I hope at least one of them has the foresight to upgrade and 'buy' the story that Hoby told so eloquently. I've listened to 1000+ earnings calls and I'd put that right at the top as far as presentation (considering they had no numbers to really report that we didn't already know about). Andrus doing that same call would have led to a selloff. I think this CEO will be well received by the Street. I like that they are giving guidance and hitting targets as that will build credibility going forward.

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