No wonder the shorts are working hard to keep the price down. Corrupt market.......
Starting to look like a value play now.
Vist their site and Sign up to TOP MARKET GAINERS dot com (just enter the url in your browser) and watch their next few plays. I have been impressed so far.
Just as i suspected, a dog stock that goes nowhere, will close up shop soon so get out while you can. Dont even think about buying this #$%$. Buy SNH you wont be sorry. My picks always make money.
going to $20. I've been in the same boat as you guys. i got super burned on ZAGG when the former CEO had to sell tons of his stock cause of margin calls. not good. i know Hales is there but he's a #$%$ also. look up former CEO and look up history on stock . not a good company. Robert still involved , should be in jail. they shorted the stock and ran it down, perfect plan. read the history , do your homework on this stock. sell , cut your lose and buy square you'll make your money back.
Sentiment: Strong Sell
my revised opinion is that the low price point of the new small iphone will be a nice catalyst for unit sales, although more of it in international markets where zagg is not a competitor. so short term, the stock could rise a bit, but then the new iphone 7 will have longer battery life and shatter-resistant glass. combined with the sales that are diverted to the lower price point phone, this will cause sales of zagg to crater in the second half of the year. i will be watching the new iphone feature set closely for more rumors. would like to gather more info on mophie to understand if it opens up international markets to zagg products or if zagg can open up distribution for mophie products. overall, i dont like this roll-up, but need to dissect this more. notice that the shares short have been climbing.
it looks to me like zagg is seeing declining sales and so it goes out and buys a competitor so the financials wont look so bad. but this competitor has lower profit margins and zagg gets to take out 100 million in debt to finance it. with profits down to 5 million in the latest quarter, you have to really wonder why this company is worth $250 million??? i also recall that hales is selling stock, and a bunch of executives cashed in their large stock grants. also, zagg has been buying its own stock back,but why would it be buying back its stock when it could have used that money for the acquisition? is this just to prop things up while management sells off stock? i noticed that zagg projects growth in 2016 in zagg revenues, before the acquisition, but it looks to me like the last quarter is telling us that year over year revenues will be very bad in the coming 2 quarters. so will zagg be saved by a new iphone??? is it possible that the new iphone will actually catch up to some android phones and have some shatter-proof glass? so the keyboard line has lost sales and has a strong competitor in logitech, the core shield line could be vaporized with new iphone features (that seem to be overdue) and the new company they bought has lower margins (they kind of danced around it on the conference call) and the executives seem to be exercising lots of options and generally selling them out. unless they have some great products in the works, this is a disaster waiting to happen. watch for earnings to evaporate next quarter and little to no earnings for the year unless they get lucky and apple has a huge new iphone. (my guess is that apple's new phone will be just OK).
The market is pretty boring right now. Want stocks that are actually moving? Join ULTIMATE STOCK ALERTS (search them) and start getting small cap stock alerts that actually move. Their last play
moved 60% in 3 days.
Time is money. That’s why instead of sitting around on yahoo finance you should join UltimateStockAlerts(google them). They alert small cap stocks (no pennies) and thus far I have not had a losing trade with them.
Agreed, can't hide that earnings and revenue targets were missed. We can give them a pass on projections, as no one understandings how quickly and efficiently two firms will merge to attain synergy goals. I think to their credit, Zagg management is being very conservative concerning the merger impact on top and bottom line. They allowed, on the top end of guidance, for the possibility that the Iphone 7 or another big product launch, could occur to enhance product revenues.
Zagg's sp will likely take a hit, 5-10% today, as short-term buyers didn't get what they wanted from the cc. However, after a few days of settling down, I can see the sp beginning to move higher, and eventually challenge the $12-$14 range once again.
I got the same impression, was actually a very good call. After hours all off was pretty light volume....real light...but I'm sure shorts will blast it tomorrow anyway.
Listening to the earnings CC. Management is very genuine and realistic. It sounds as if they're being somewhat conservative in their guidance. It appears their guidance is at the low end of what they think they can accomplish. SP should bottom tomorrow, and begin to go up steadily afterwards.
... it will report financial results for 2015 on Tuesday, March 8, 2016, immediately following the closing of regular stock market trading hours. The Company will hold a conference call that day at 5:00 p.m. ET to review the results and discuss the Company’s outlook and business.....