Action headphone company Skullcandy has the honor of being one of the most shorted stocks on the market, but that hasn’t seemed to have slowed the stock down so much lately, according to a blurb on Investorguide.com.
While this should be discouraging news for most companies, an increasing number of analysts are turning bullish on the stock, believing that the stock is set to rally strongly on the inevitable short squeeze. Skullcandy has beat Wall Street estimates for the past four quarters. Meanwhile, institutional ownership of the stock has climbed from 50% to 69.18% in a single quarter, while short interest has risen from 5.1 million to 10.3 million.
It would seem that almost everyone has an opinion on Skullcandy’s future these days. We’re giving it a neutral.
Shaun White kept his NYC celebrity cruise rolling on Thursday May 24, 2012 as he dropped in on the Maxim Magazine’s Hot 100 party at Dream Downtown in the meatpacking district. Here he is with the number one hottest girl in the world, Bar Refaeli. Ride the wave, Shaun. Ride the wave.
Hey kids, want some free money to build a concrete skatepark in your neighborhood? Now is the time to apply for a little cash from Tony Hawk himself. The summer grand season is open.
The Tony Hawk Foundation helps fund the construction of public skateparks through its twice-annual grant program. The summer 2012 grant season is now open, and communities planning to build free public skateparks that serve at-risk youth may apply through July 2, 2012 for grants worth up to $25,000. . . The Tony Hawk Foundation online grant application is currently available on the Foundation’s Web site through July 2, 2012. For more information, including details about Tony Hawk Foundation grants and eligibility, please visit www.tonyhawkfoundation.org.
New Zealand surfer Marama Kake, 32, likes to surf naked, according to a story in the Courier Mail.
“I’m not out there to get everyone to look at me, I just love the sensation and simplicity of surfing in my ‘sustainability suit’,” Ms Kake said. “I cover up, or paddle away, if I am anywhere near children and have never had any trouble with lifeguards or authorities and I’ve been doing it for years in Australia and New Zealand.” … Ms Kake, who has “get naked, get sustainable” inscribed on her boards, said reactions were mostly favourable. She said women came over to say they admired her courage.
Hmmm, looks like Kake has found the perfect green marketing vehicle. If only Brad Gerlach had used that excuse naked surfing might have caught on around the world years ago.
Seems a winter off hasn’t slowed Nyjah Huston down one bit if the first stop of the 2012 Street League Skateboarding event in Kansas City is any judge. After blazing his way through the finals he rolled away with $150,000 for the win and another $10,000 for best trick. Here’s how he did it:
By posting consistently high scores and dropping big moves, like a bigspin to backside Hurricane on the bump-to-rail in the Best Trick section, he maintained a top two position throughout. In the final Big Section, with Monster teammate Chris Cole and Bastien Salabanzi nipping at his heels, Huston threw it into overdrive unleashing tricks on the rails like Cab backside lipslide, 360-flip lipslide, and then the one that sealed the deal and earned him Best Trick honors, the kickflip backside noseblunt slide.
This was Street League win number five for Huston and we’re betting there will be a few more on the season. For complete results, follow the jump.
Snurfer inventor Sherman Poppen will be honored by The Community Foundation for Muskegon County on June 7, 2012 when they will unveil the “Turning Point” sculpture at 447 W. Western, according to a story on MLive.
“The chamber hall of fame recognizes business excellence, innovation and inventions that have made lasting contributions to industry and the community,” Larsen said. “Clearly, Mr. Poppen’s invention changed the course of history in winter sports. This recognition is long overdue. . . “It is our hope that the sculpture and the award will inspire others to see Muskegon’s role in winter sports development and see the Muskegon Lakeshore as a winter tourism destination,” Larsen said.
The sculpture, by artist Jason Dreweck features a Snurfer rider at the top of a turn with a modern snowboarder at the bottom. Nice to see the home hometown honoring Mr. Poppen.
The 2012 Street League Skateboarding tour kicks off with qualifiers tonight (May 18, 2012) live from stop one in Kansas City. Coverage begins at 5 PM PT (8 PM ET) on ESPN2. Watch all your favorite skateboarding stars from the big show face off on a completely redesigned street course. Finals air Saturday night (May 19, 2012) at 6 PM PT (9 PM ET). Click the link for more info.
The Snow Industries of America today confirmed what any snowboard retailer knows by heart–this last snowboard season was hard no matter how you look at it. No snow early season got everyone off to a dismal start, Christmas roared in as a valiant savior, but then things fell apart again. For retailers, the only consolation seems to be shared misery.
Snow sports unit sales declined 12% overall this season, including a 17% decrease in units sold through chain stores and a 14% decrease in specialty shops. However, Internet sales did rather well, and increased 10% this year driven by late season equipment and accessories sales. This may indicate that many retailers are using commerce enabled websites to move product when in-shop sales have slowed. Excluding carryover, online unit sales increased 15% through February and March this season, compared to February and March 2010/2011.
On Saturday night, May 12, 2012, high in the Hollywood Hills Pete Fox, Rob Dyrdek, and Jerome Mage hosted a rocking party to celebrate the launch of IVIand show off their complete sunglass collection. Bleached played, DJs Ana Calderon and Mom Jeans made music, and the heads mingled.
Personal friends of Rob stopped by to congratulate him on the line, including Ryan Sheckler, Keith Hufnagel, Dylan Reider, Chad Muska, Felix Argueles, and Steve Berra as well as several notable action sports stars, actors and television personalities including Josh Hanson, Dingo and Brody Jenner.
We even saw evidence of Agenda’s Aaron Levant up in the mix. For the official word from IVI and photos, follow the jump. [click to continue…]
Those hunting, fishing outdoorsy, hatchett-throwing skaters at Bohnam have just dropped a couple nice new pieces for summer. Camo pockets? They got ’em.
Summer is here! Sorry to say we don’t offer a tank top yet, but you can use a scissor on any of our existing tees and go sleeveless
Indeed. To see more of their work, click the link.
Action headphone company Skullcandy has the honor of being one of the most shorted stocks on the market, but that hasn’t seemed to have slowed the stock down so much lately, according to a blurb on Investorguide.com.
