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Skullcandy, Inc. Message Board

ribi1 5 posts  |  Last Activity: Aug 4, 2015 4:41 PM Member since: Apr 23, 2008
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  • Reply to

    Next couple weeks should be interesting

    by ribi1 Aug 4, 2015 2:38 PM
    ribi1 ribi1 Aug 4, 2015 4:41 PM Flag

    Mike, be nice. I am just making an observation, not trying to justify anything.

  • ACAS has been trading at very low volume recently. Probably for two reasons, first the company is likely in its blackout period before earnings so is not buying back stock. Second, many investors are waiting for more information about the timing of the reorg before buying. In the meantime, ACAS has suffered from the overall market weakness as well as the recent weakness in BDCs.

    Info to be received this week will be critical as to the near term direction of the stock, although, absent significant overall stock market weakness, company buybacks (which are highly likely to resume after earnings), the large discount to book already in the price, and the pending reorg should keep this stock from declining too much further in my humble opinion.

    So, the risk-reward ratio at its current price seems very attractive.

    Sentiment: Strong Buy

  • Reply to

    Two Benefits to the Low current price

    by nhpwatcher Jul 27, 2015 5:49 PM
    ribi1 ribi1 Jul 28, 2015 8:09 AM Flag

    Mike, he said "this summer", not that a low price is good in the long run.

  • Reply to

    Patience and Another Good ACAS article

    by ribi1 Jun 28, 2015 1:18 PM
    ribi1 ribi1 Jun 28, 2015 2:05 PM Flag

    Mike, what a kind, thoughtful response. Obviously, you have been burned in this stock and don't know quite where to direct your anger. Me, on the other hand, have made tens of thousands on this stock over the last 6 years. I have been on this board for years, and while I don't post often, when I do, it is my thoughts, not from management. Did you bother to read the Jaded Consumer article I referenced? I would guess not. Hope you have a better day tomorrow.

  • Another good article on ACAS by the Jaded Consumer:

    http://seekingalpha.com/article/3283895-american-capital-preparing-for-spinoff?app=1&auth_param=2rmf5:1aor2lv:a70c3d7d0842c8a50c47cf09913a7dae

    He is the voice of reason on this company, and has been for years. People should not panic about the latest decline, it is related to the decline in BDCs and MReits. I view it as a buying opportunity because the time to reorg is getting shorter and shorter. I am accumulating shares again.

    Be patient, the downside risk from here is likely limited given the current discount to diluted book value, of course absent a significant market decline. The post reorg should attract new buyers of the two surviving companies, and the upside should be good.

    Sentiment: Strong Buy

SKUL
7.08+0.18(+2.61%)Aug 28 4:00 PMEDT