January 23, 2013 –
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RELATED TICKERS: CATO
CATO
January 15, 2013 –
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RELATED TICKERS: CATO
I started a green thumb on CATO on Nov. 2, 2012, with a start price of $28.40. Since that time, CATO has paid out $2 in special dividends. Shouldn't my start price be adjusted for these special dividends? [more]
January 09, 2013 –
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RELATED TICKERS: SKUL
Bloomberg reports that representatives from Royce & Associates and Roth Capital think Skullcandy makes an attractive takeover target since its 66% market cap loss in the past year and a half. As a TRLG shareholder, I'm fairly skeptical of this type of takeover/buyout news, but nonetheless SKUL seems way too cheap right now. FCF in 2011 was $20+MM, and could come close to $30MM for 2012. I tend to like (virtually) debt free companies that are trading at a P/FCF of 7 or so. Beats and Bose headphones sell for 2-5x what Skullcandy headphones sell for (so I wouldn't say they are direct competitors), and Skullcandy markets to kids and teens (they break stuff, they replace stuff). Prior to investing, I actually bought a pair of their [less-flashy] earbuds just to make sure the product didn't completely stink and the sound is great. I don't think this brand is going anywhere, anytime soon. [more]