Dipping Into Rent-A-Center

Back in September, I wrote up Skullcandy (SKUL) as a nice small-cap for the longer term. At the time, I was looking for an $8 price target in about three to six months. The stock did test the $5.50 area, but it never broke that level in any manner significant enough to make me rethink my position. Shares did sniff $8 for a bit recently, at the end of my six-month time frame, but then this morning's earnings report sent folks hurrying into the stock and put me on the sidelines just below $11.

I will reevaluate Skullcandy after a few days and take the weekend to look at the earnings report. But, for now, the stock has well exceeded the target I set up as a buyer in the mid-$6 area, and the value just isn't quite there in the double-digits....383 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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