Charles Moscoe's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/728107/comments http://seekingalpha.com/article/1332211/comments?source=feed#comment-17623951 17623951 Mon, 15 Apr 2013 00:48:58 -0400 http://seekingalpha.com/article/1332211/comments?source=feed#comment-17623501 17623501 Mon, 15 Apr 2013 00:35:59 -0400 http://seekingalpha.com/article/1332211/comments?source=feed#comment-17587601 17587601 Sat, 13 Apr 2013 16:58:36 -0400 http://seekingalpha.com/article/1332211/comments?source=feed#comment-17492621 17492621 Thu, 11 Apr 2013 10:40:41 -0400 http://seekingalpha.com/article/1332211/comments?source=feed#comment-17482631 17482631 Thu, 11 Apr 2013 04:09:34 -0400 http://seekingalpha.com/article/1285081/comments?source=feed#comment-16586621 16586621 Thu, 21 Mar 2013 01:38:30 -0400 http://seekingalpha.com/article/1285081/comments?source=feed#comment-16586311 16586311 Thu, 21 Mar 2013 01:22:55 -0400 http://seekingalpha.com/article/1285081/comments?source=feed#comment-16585091 16585091
I wish I had the time to write a couple articles every day as Ashraf does. However, I run a business very similar to Skullcandy and can speak to the branding and marketing and margin and cash flow points with authority. It is a space that I am intimate with and know quite well. I also don't believe having more articles written than the next guy makes anybody more accomplished, and I think even Ashraf would agree with that. I just happen to know this company inside out and I will defend my points, even if I happen to lose 'followers' (which I do not care about incidentally as I don't write articles to make money).]]> Wed, 20 Mar 2013 23:59:31 -0400
I wish I had the time to write a couple articles every day as Ashraf does. However, I run a business very similar to Skullcandy and can speak to the branding and marketing and margin and cash flow points with authority. It is a space that I am intimate with and know quite well. I also don't believe having more articles written than the next guy makes anybody more accomplished, and I think even Ashraf would agree with that. I just happen to know this company inside out and I will defend my points, even if I happen to lose 'followers' (which I do not care about incidentally as I don't write articles to make money).]]> http://seekingalpha.com/article/1285081/comments?source=feed#comment-16584921 16584921 Wed, 20 Mar 2013 23:48:53 -0400 http://seekingalpha.com/article/1285081/comments?source=feed#comment-16584611 16584611
Thats not to say that you aren't a good writer and reasonably entertaining. You probably have a good career in journalism ahead of you but I think you are missing the story here. And margins have bottomed, the CFO said that during the call that they will increase throughout 2013.

Are there risks? Absolutely. But the company is valued on par with many OTC companies that don't even have products for sale, let alone $300m in sales and positive cash flow. To write an article this long and not touch on the glaringly obvious value, is just short sighted. I will check back here again in a year as I don't have time to write more about this company and we will see who is right.]]> Wed, 20 Mar 2013 23:29:28 -0400
Thats not to say that you aren't a good writer and reasonably entertaining. You probably have a good career in journalism ahead of you but I think you are missing the story here. And margins have bottomed, the CFO said that during the call that they will increase throughout 2013.

Are there risks? Absolutely. But the company is valued on par with many OTC companies that don't even have products for sale, let alone $300m in sales and positive cash flow. To write an article this long and not touch on the glaringly obvious value, is just short sighted. I will check back here again in a year as I don't have time to write more about this company and we will see who is right.]]> http://seekingalpha.com/article/1285081/comments?source=feed#comment-16584471 16584471
I take it that you have probably never ran a business before, but nothing is simple especially when revenues are near $300m.]]> Wed, 20 Mar 2013 23:20:58 -0400
I take it that you have probably never ran a business before, but nothing is simple especially when revenues are near $300m.]]> http://seekingalpha.com/article/1285081/comments?source=feed#comment-16584421 16584421 Wed, 20 Mar 2013 23:18:22 -0400 http://seekingalpha.com/article/1285081/comments?source=feed#comment-16582871 16582871
I've only seen lemon juice sold among other products in a grocery store.

This article really doesn't offer any new perspective, only rehashes what a few analysts (who coincidentally have never been right about this name before) have to say.

But you have Ashraf agreeing with you, despite him making a major contradictory point about brand equity in his article.

I urge readers to do their own due diligence, starting with Ashraf's stock recommendations, both long and short.

Report back here with your findings... 'nuff said.]]> Wed, 20 Mar 2013 22:16:17 -0400
I've only seen lemon juice sold among other products in a grocery store.

This article really doesn't offer any new perspective, only rehashes what a few analysts (who coincidentally have never been right about this name before) have to say.

But you have Ashraf agreeing with you, despite him making a major contradictory point about brand equity in his article.

I urge readers to do their own due diligence, starting with Ashraf's stock recommendations, both long and short.

Report back here with your findings... 'nuff said.]]> http://seekingalpha.com/article/1285081/comments?source=feed#comment-16544671 16544671
This is a stock where you either believe in the story or not. If they pull off the turnaround that I think they will this will be back to the teens in no time and trend much higher than that as they get the multiple that they deserve like a Lululemon, Monster or even a slower growth Nike.

The analysts (who have been wrong from day 1 on this name) will all jump behind the name once the turnaround starts unfolding and the stock is breaking higher. At that point most people have missed the boat already. Its a lot more profitable in the long run when you buy at or near the bottom. Simply put, you can accumulate a lot more shares and even lower your cost average by selling some as it rises.]]> Wed, 20 Mar 2013 10:42:32 -0400
This is a stock where you either believe in the story or not. If they pull off the turnaround that I think they will this will be back to the teens in no time and trend much higher than that as they get the multiple that they deserve like a Lululemon, Monster or even a slower growth Nike.

The analysts (who have been wrong from day 1 on this name) will all jump behind the name once the turnaround starts unfolding and the stock is breaking higher. At that point most people have missed the boat already. Its a lot more profitable in the long run when you buy at or near the bottom. Simply put, you can accumulate a lot more shares and even lower your cost average by selling some as it rises.]]> http://seekingalpha.com/article/1283021/comments?source=feed#comment-16458211 16458211 Mon, 18 Mar 2013 16:18:30 -0400 http://seekingalpha.com/article/1261551/comments?source=feed#comment-16150961 16150961 Mon, 11 Mar 2013 17:57:35 -0400 http://seekingalpha.com/article/1171941/comments?source=feed#comment-16113571 16113571 Sun, 10 Mar 2013 22:57:50 -0400 http://seekingalpha.com/article/1171941/comments?source=feed#comment-16106101 16106101
2) Massive international growth story, still in its infancy. 100% sales growth YOY. Huge opportunity.

3) Alden mentions a 'major retail partner' who is begging the company to expand outside the headphone market and that is where the company is headed. Look for speakers and mobility devices. Should dramatically increase revenues with little to no marketing expense being complimentary. Leverage the strong brand.

4) Andrus, despite making terrible management decisions through his tenure, brought on a huge winner in Astro Gaming. This is probably why he scored the private equity job that specifically has him looking for small startups with $5m+ annual sales. Just like Astro. Gaming accessories will grow to be a $7B market in the near term and Skullcandy already has their foot in the door.

5) Abandoning Andrus' idea of staying 'authentic' by staying in small retailers like skate and surf shops. Sales in all channels have improved with big box exposure. Pretty clear that a Walmart deal is in the cards for this year. End of the day, much more sales, which is what its all about.

6) Consolidation in retail to 4 major headphone players, with Skullcandy being one of them. Retailers not carrying the 10+ brands anymore as consumers are getting confused and not buying any.

7) Margins will improve steadily throughout 2013.

8) Better optimization and streamlining of endorsements. Got the right stars, but not using them effectively.

9) Share price spiked initially over 10% with a mediocre release, shows that any slight average to good news can rocket this stock.]]> Sun, 10 Mar 2013 17:48:37 -0400
2) Massive international growth story, still in its infancy. 100% sales growth YOY. Huge opportunity.

3) Alden mentions a 'major retail partner' who is begging the company to expand outside the headphone market and that is where the company is headed. Look for speakers and mobility devices. Should dramatically increase revenues with little to no marketing expense being complimentary. Leverage the strong brand.

4) Andrus, despite making terrible management decisions through his tenure, brought on a huge winner in Astro Gaming. This is probably why he scored the private equity job that specifically has him looking for small startups with $5m+ annual sales. Just like Astro. Gaming accessories will grow to be a $7B market in the near term and Skullcandy already has their foot in the door.

5) Abandoning Andrus' idea of staying 'authentic' by staying in small retailers like skate and surf shops. Sales in all channels have improved with big box exposure. Pretty clear that a Walmart deal is in the cards for this year. End of the day, much more sales, which is what its all about.

6) Consolidation in retail to 4 major headphone players, with Skullcandy being one of them. Retailers not carrying the 10+ brands anymore as consumers are getting confused and not buying any.

7) Margins will improve steadily throughout 2013.

8) Better optimization and streamlining of endorsements. Got the right stars, but not using them effectively.

9) Share price spiked initially over 10% with a mediocre release, shows that any slight average to good news can rocket this stock.]]> http://seekingalpha.com/article/1171941/comments?source=feed#comment-16106061 16106061
Margins will increase steadily all through 2013 and they are cash flow positive. ]]> Sun, 10 Mar 2013 17:46:58 -0400
Margins will increase steadily all through 2013 and they are cash flow positive. ]]> http://seekingalpha.com/article/1173241/comments?source=feed#comment-14861641 14861641
I still think you miss the branding story here. Headphones can be considered a commodity, sure, but Skullcandy is a strong brand. The same way that shoes can be considered a commodity but people pay a premium for Nike. This is marketing 101 and I don't understand how so many people, including Wall Street analysts, miss that point. Perhaps they are too old to understand the story, but the branding is working and Skullcandy is 'cool' among it's target market. Furthermore they do have new in-house proprietary sound technology along with a number of patents that cater to innovations like headphones that are stitched into hoodies, which is perfect for snowboarders. There is alot more to this story than meets the eye and I would not be so quick to write them off as a 'commodity', because clearly its a branding story.

The fact that you see value in the share price despite these misconceived notions, could mean that the bottom is in. ]]> Mon, 11 Feb 2013 18:04:23 -0500
I still think you miss the branding story here. Headphones can be considered a commodity, sure, but Skullcandy is a strong brand. The same way that shoes can be considered a commodity but people pay a premium for Nike. This is marketing 101 and I don't understand how so many people, including Wall Street analysts, miss that point. Perhaps they are too old to understand the story, but the branding is working and Skullcandy is 'cool' among it's target market. Furthermore they do have new in-house proprietary sound technology along with a number of patents that cater to innovations like headphones that are stitched into hoodies, which is perfect for snowboarders. There is alot more to this story than meets the eye and I would not be so quick to write them off as a 'commodity', because clearly its a branding story.

The fact that you see value in the share price despite these misconceived notions, could mean that the bottom is in. ]]> http://seekingalpha.com/article/1171941/comments?source=feed#comment-14850001 14850001 Mon, 11 Feb 2013 13:35:26 -0500 http://seekingalpha.com/article/1171941/comments?source=feed#comment-14849851 14849851
How offensive is it to shareholders to read PR after PR about open bar parties with models and pro athletes around the globe while lowering guidance? Guidance could have been kept in tack or raised if a little spending caution was used and/or some stock compensation was scaled back. We aren't talking about a multi-billion dollar company spending $100k on a party which wont affect the bottom line, but to Skullcandy every dollar counts. Great brand and super cool people, but at some point somebody has to come in and draw a line in the sand. This is a company that is BEGGING to go private and be managed by real corporate bean counters who will make everybody accountable for every penny that is spent.

The ground has been laid for a takeover. Everything about the company with regards to returning shareholder value has failed, but that won't matter going forward and you can bet that Andrus' resignation has alot to do with irresponsible mismanagement. Look at his new role, he is a very smart and creative guy but not management material for any publicly traded company.]]> Mon, 11 Feb 2013 13:31:57 -0500
How offensive is it to shareholders to read PR after PR about open bar parties with models and pro athletes around the globe while lowering guidance? Guidance could have been kept in tack or raised if a little spending caution was used and/or some stock compensation was scaled back. We aren't talking about a multi-billion dollar company spending $100k on a party which wont affect the bottom line, but to Skullcandy every dollar counts. Great brand and super cool people, but at some point somebody has to come in and draw a line in the sand. This is a company that is BEGGING to go private and be managed by real corporate bean counters who will make everybody accountable for every penny that is spent.

The ground has been laid for a takeover. Everything about the company with regards to returning shareholder value has failed, but that won't matter going forward and you can bet that Andrus' resignation has alot to do with irresponsible mismanagement. Look at his new role, he is a very smart and creative guy but not management material for any publicly traded company.]]> http://seekingalpha.com/article/1171941/comments?source=feed#comment-14847341 14847341 Mon, 11 Feb 2013 12:39:43 -0500 http://seekingalpha.com/article/1171941/comments?source=feed#comment-14846701 14846701
Nothing is cooler than the Skullcandy skull logo and the fact that I'm seeing it on people's cars, snowboards, dirt bikes, is super cool. A company like Sony, who lacks the cool factor, would be silly not to pick this brand up on fire sale especially with the emerging gaming technology that can be bundled with PS.]]> Mon, 11 Feb 2013 12:27:18 -0500
Nothing is cooler than the Skullcandy skull logo and the fact that I'm seeing it on people's cars, snowboards, dirt bikes, is super cool. A company like Sony, who lacks the cool factor, would be silly not to pick this brand up on fire sale especially with the emerging gaming technology that can be bundled with PS.]]> http://seekingalpha.com/article/1171941/comments?source=feed#comment-14846521 14846521
http://bloom.bg/Z5F0tA]]> Mon, 11 Feb 2013 12:22:59 -0500
http://bloom.bg/Z5F0tA]]> http://seekingalpha.com/article/1091661/comments?source=feed#comment-13436271 13436271 Tue, 08 Jan 2013 10:35:53 -0500 http://seekingalpha.com/article/1091661/comments?source=feed#comment-13391931 13391931 Mon, 07 Jan 2013 10:00:45 -0500 http://seekingalpha.com/article/1091661/comments?source=feed#comment-13281971 13281971
I love writing about stem cells, it always brings out the most controversy about anything I ever say! I must say that those who follow the industry do so with real intensity and I'm always forced to edit something even after multiple fact checking sessions before clicking 'submit'.]]> Thu, 03 Jan 2013 18:11:23 -0500
I love writing about stem cells, it always brings out the most controversy about anything I ever say! I must say that those who follow the industry do so with real intensity and I'm always forced to edit something even after multiple fact checking sessions before clicking 'submit'.]]> http://seekingalpha.com/article/1091661/comments?source=feed#comment-13281801 13281801 Thu, 03 Jan 2013 18:06:24 -0500 http://seekingalpha.com/article/1091661/comments?source=feed#comment-13259201 13259201 Thu, 03 Jan 2013 11:11:11 -0500