Skullcandy Inc. (SKUL)

[SkeBallLarry]

( SKUL ) ~ DJ Skullcandy Founder to Weigh Potential Buyout Bid -- Market Talk
9:13 ET - The potential of Skullcandy (SKUL) founder and former CEO Rick Alden leading a takeover effort (that possibility was unveiled in a late-Tuesday SEC filing) shouldn't be much of a surprise considering the headphone maker's stock tumble the past several years and his family trust still owning a 13% stake. SKUL's 2011 IPO priced at $20 and traded above that in 7 of the stock's first 9 sessions. But it's been downhill since, falling to $5 in 2013 before getting back above $10 for a time last year before a fresh tumble to new lows, finishing yesterday at $3.93. Wunderlich thinks based on multiples for makers of consumer-electronic accessories which have gotten bought, $5.50-6.50 would be a fair price for SKUL. It's up 18% premarket at $4.65. ([e-mail]; @kevinkingsbury)
(END) Dow Jones Newswires
June 08, 2016 09:13 ET (13:13 GMT)
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