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cliffvb

11/27/12 12:11 PM

#149657 RE: researcher59 #149656

SKUL Skullcandy is definitely an interesting corporate name but makes sense considering hifi headphones are a big part of their business.

Looks interesting but any thoughts on why AR jumped up so much compared to the year ago period ($60 mil vs $35 mil)? (76 days worth of sales vs 52 last year).

Edit- I see this comment in their Q3PR: While accounts receivable is up significantly on a year-over-year basis, last year's third quarter accounts receivable included only approximately one month of Europe direct sales, and is, therefore, non-comparable.

Still seems like a big jump in AR considering that only $13.6 mil were "international sales" out of $71 mil of total sales.
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researcher59

11/28/12 12:12 PM

#149716 RE: researcher59 #149656

SKUL +.76 to 8.71, nice rally today !

Maybe the shorts are covering ??? It's beginning to look like the bottom was put in a few days ago at $7.70.
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researcher59

12/31/12 3:36 PM

#150563 RE: researcher59 #149656

SKUL -.30 to 7.78, back down to a bare bones valuation and flirting with the 52wk low of 7.70. Perhaps year end tax loss selling is the factor behind the recent weakness ? In that case it might see a nice bounce in January.

I added some more shares today.