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Skullcandy (SKUL) -7% AH after announcing: 1) CEO Jeremy Andus is resigning to join a private...

Skullcandy (SKUL) -7% AH after announcing: 1) CEO Jeremy Andus is resigning to join a private investment firm; he'll remain a consultant for the next 12 months. Founder/ex-CEO Rick Alden will serve as interim CEO for now. 2) The company expects 2012 EPS to be at the low end of its $1-$1.04 guidance range (consensus is at $1.02). Skullcandy's Q4 report won't be issued until March 7. (PR)

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Comments (7)
  • Ron Reed
    , contributor
    Comments (315) | Send Message
     
    Ouch....still long on $Skul
    7 Feb 2013, 04:58 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Days are numbered for this co imo
    7 Feb 2013, 05:36 PM Reply Like
  • MichaelSistowicz
    , contributor
    Comments (37) | Send Message
     
    My question is... What Private Investment Firm? He lost 70% of the equity's value in SKUL since IPO.

     

    Thy must specialize in short positions I would gather?

     

    Best thing SKUL has done since the IPO. Alden will rally the troops and they will find a qualified CEO that can (and will) answer to investors.

     

    Good new all around for SKUL
    7 Feb 2013, 09:45 PM Reply Like
  • Nahodny Okoloiduci
    , contributor
    Comments (149) | Send Message
     
    Departure od Andus is definitely positive for Co. and shareholders. I'm surpised it dives AH.
    8 Feb 2013, 02:42 AM Reply Like
  • billcharlesdixon
    , contributor
    Comments (2019) | Send Message
     
    I have to stay with it and even broaden my position. I cannot or do not want to believe that this company is so bad: shorted, disdained, and abandoned. Skul baby, it just has to get better!
    8 Feb 2013, 12:12 PM Reply Like
  • Blue Horshoe love Anacot Steel
    , contributor
    Comments (286) | Send Message
     
    Does this make any sense to anyone out there? From CEO of a publicly traded company, he takes his 1.8 million shares of company stock with him, and goes to work for private investment firm? That's like going from playing shortstop for the Yankees to flipping burgers in McDonalds. Nothing wrong with making an honest living. Just sounds like it wasn't his decision, and it shouldn't be considering how he has performed as CEO.
    8 Feb 2013, 12:23 PM Reply Like
  • yliu54
    , contributor
    Comments (171) | Send Message
     
    I think an investigation should be initialed.
    9 Mar 2013, 05:11 AM Reply Like
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