I posted my thoughts on SA about RSH. Long term wheat goes higher, short term I have no clue. WLT I think is a risky short as it could move up quickly. Its a company I'm frequently playing long but have no position in at the moment.
Call me crazy but took a long spec position in RSH today at $0.85. Sentiment seems way too negative here and I think even in a worst case scenario (bankruptcy) there will still be an exit near this price at some point (as there always is with rumors and innuendo during bankruptcy).
Hmmm.... Alot of debt and not profitable. Doesn't fit my buy criteria but maybe worth a gamble under $1 like a lottery ticket. If the turnaround is successful (and quick like within the next 12 months), it could shoot up to $5. Alot of retailers have been here before like Pier 1, just to name an example, and it was in much more dire constraints. I'm too chicken to buy though....
My thoughts are that I think $2 is very unlikely, but there is a strong secular weakness in teen right now, particularly snowboarding and skateboarding. Saw it with Quiksilver and Tillys said the same thing. Since Skullcandy core brand is still really teen focused, I can't see how it will outperform. Gaming (Astro) seems strong however, which is why I can't see the company ever being worth $2. Astro alone could be worth as much as double that. I don't put much of a value on the core brand however as most people know.
Remember that Kerry Rice was right about Q1, his channel checks showed that revenues were on pace to beat expectations and this did in a big way. Here is what he has to say about Q2 so far:
YuMe benefiting from increased ad spending, says Needham After speaking with ad agencies, Needham noted consistent themes of increasing overall digital video spending, and more specifically increased spending with YuMe. The firm keeps a buy rating on the name.
Definitely an acquisition target given the technology, extreme secular growth trend and ridiculously low valuation. What have you heard exactly?
If it is a credible offer, it normally leaks out at some point if not formally announced. In fact its normally the company making the offer that will leak it if they are rebuffed, in order to put pressure on management to make a deal with them. Worst case they are generally a large shareholder and they will boost the share price by making that known and enrich themselves either way. If you "understand they have had an offer", care to share anymore details?
I agree with you, but can you elaborate on the offer that you understand they have received? Shouldn't that be information be made public?
Agreed. Very strong and guidance reiterated as "very conservative" several times. I think margins have bottomed and its all improved metrics from here.
Increased revenue guidance for the full year and margins are up somewhat when compared to Q4.
Big takeaway is the $34.9M vs. $29.38M revenue beat for the quarter.
nhlennox misread the filing. Goode Partners is an original VC backer of Skullcandy. They haven't added shares since the IPO.
Agree with you on TRMR. Strong day today as they are appearing to be moving quickly to a fully programmatic advertising solution. SKUL looks weak and the sizzle is gone. I still maintain my sell rating and believe that the turnaround is not likely. Loss of traction in the core teen market tells the story and this was reported by Piper Jaffray a couple days ago. Beats growing like crazy. Stick a fork in SKUL I'm afraid.