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Skullcandy, Inc. Message Board

  • looking4goodinvestments looking4goodinvestments Aug 2, 2013 9:56 AM Flag

    Market Cap

    $145 Mil Market Cap
    $30 Mil Cash
    $28 Mil Credit
    No Debt
    Breaking Even In Midst of Turnaround (Bottom)
    Seeing An Actual and Fast Plan Execution on the Turnaround
    Astro Gaming Itself Could Have Markey Cap Larger than $145 Mil

    Hard to argue with the facts...

    I would like to see some new products (wireless speakers etc) with solid marketing behind them, but that logically should be announced in the next phase of a turnaround plan of a streamlined company with carefully chosen distribution networks that have the highest upside potential. The call was very positive in my opinion and perhaps the best thing I've seen lately (outside of the great balance sheet) is that this company shows a plan being executed. Great value in this stock, and with the path the company is finally taking, I expect shareholders to realize some of that value.

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    • They announced the Air Raid wireless speaker on the call, ready for Q4 sales. I actually wrote about that a few weeks ago in a post here (from seeing the new trademark app for it).

      I agree with your assessment of a value play and would add in that there are $40m in receivables and $50m in inventory.

      The entire market cap = cash + receivables + inventory

      Sort of a "no brainer" even in a worst case scenario to me anyhow.

      Long and have thrown away the key already to the share vault. I don't expect much of a return in the next few months.

      But for those patient investors, come back here next year at this time and I bet we are well in to the 'teens'.

    • The market doesn't seem to agree with your assessment right now.... If it drops far enough it becomes attractive as a take out candidate but they don't have enough time to turn this around.. Momentum is a wonderful thing when you have it... But is brutally cruel when you don't ... Reversal of fortune takes money, great products, great people, and lost if time... None of which they have right now

6.350.0000(0.00%)Oct 3 4:00 PMEDT