Skullcandy a ‘buy’ or is there too much competition?
FBN’s Charles Payne, FNC’s Brenda Buttner, The Tom Sullivan Show’s Tom Sullivan, Capitalistpig.com founder Jonathan Hoenig, Penn Financial Group founder Matt McCall and Tea Party News Network News Director Scottie Nell Hughes debate the outlook for Skullcandy.
Let’s talk about Skullcandy (NASDAQ:SKUL).
They beat the Street in each of the last few quarters. (A little bit less each quarter.) But I must tell you, the day the market was down 300 points, they beat. The stock should be up, but they're not. I think this is your chance to get in.
Fiscal year ’15 and ‘16 earnings’ estimates have been going up really nicely. In the latest earnings report, revenues were up 34%, earnings per share were up 100%, operating margins went to 10.4 from 7.4. Last year, they became number one in headphone units sold.