The financial crisis in Europe is becoming a huge obstacle for the growth of most US companies that carry on business operations in Europe. There are even companies that are failing to retain its investor confidence despite showing decent performances. One such company is Ford (NYSE: F). In spite of the company’s strong fourth quarter earnings beating the Street’s expectations, Ford couldn’t impress its investors and the more »
Along with the several American companies who are feeling the pinch of the contraction in the European economy, here comes another company who is joining the league. The U.S. based high-fidelity headphone company Koss Corporation (NASDAQ: KOSS) has disappointed investors with their second quarter earnings.
A quick look at the quarter
The Milwaukee-based company has reported a decline of 13.5% in its topline and 59.3% in its more »
What I like most about Skullcandy is how far from Wall Street the whole company feels. Its product is targeted towards everything a typical stock analyst isn't, its most Googled sponsor dances in a bikini on Youtube, and it's also the most betted against stock on the Nasdaq. If I've already sold you on Skullycandy you can stop reading and buy your shares, the rest is just more »
Koss Corporation (NASDAQ: KOSS) has had a horrendous couple of years: a $30 million accounting embezzlement; its former Principal Accounting Officer sentenced to 11 years; and a related SEC Complaint in October alleging that the Company prepared materially inaccurate financial statements and lacked adequate internal accounting controls. Things brightened a bit when Koss, and its co-defendant, CEO Michael Koss, agreed to settle with the SEC. They filed the settlement with federal Judge Randa in Wisconsin, no doubt hoping for swift court approval so the Company can get on with the business of selling headphones. That didn’t happen.