It's still cheap. When it's back to $4.50 are you going to be wishing you had bought at $4 when it was cheap? Load up!!! :P
I really don't think Pedersen did anything special. Overtime the market gets saturated, people stop thinking they need a $20 protector when they get get something similar for cheaper, etc. Sales have gone down.
The only thing I can see ZAGG recovering well is if they open up distribution, get more buyers to counteract the lower sales domestically.
i cant figure out how will 4.5 million shares cover ? even if ever share bought yesterday was covering.. thats only 1/3 of the short position.. and seems the panic and fear selling is done.. so .. maybe the shorts are hedged with calls in case of a surprise attack on the upside
Revenue results by CEO. Compared with same quarter prior year.
Q4 2009: +50%
Q1 2010: +8.6%
Q2 2010: +64%
Q3 2010: +238%
Q4 2010: +157%
Q1 2011: +207%
Q2 2011: +158%
Q3 2011: +99%
Q4 2011: +131%
Q1 2012: +106%
Q2 2012: +59%
Q3 2012: +30%
Q4 2012: +30%
Q1 2013: -7.3%
Q2 2013: -17%
Q3 2013: -17%
Q4 2013: -???%!!!
I think it's obvious that Hales' changes are not working and he doesn't know what he's doing! Pedersen may have been a crazy sum betch, but he knew how to grow sales!
I voted my shares against him for the meeting June 13. In fact, 42.5% of voted shares were AGAINST Hales. The stock closed at $5.78 that day. We have lost 34% of shareholder value since then. I think we could tip the scales and oust him if there is a vote this June if the stock hasn't recovered to $6 by then. Unless all the insiders hold enough shares to overrule the true shareholders who don't have their hands in the company's coffers.
Honestly though don't you think Hales is done at this point? Even if the stock recovers a bit, won't people vote him out this year?
Of course they have their own pockets in mind. But you can't milk the cow if it dies... so you have to nurture it and keep it healthy so you can keep giving yourself all the bonus milk it provides. That's why Hales said we'll get "SOME shareholder value" at the end of the call. Cuz he realizes if he doesn't prop up the price a bit, his cow will die and the teet he is leeching off of will dry up. I am awed by the confidence this man inspires. :P
Huckleberry Hales, I like that. Here's what worries me. I started and ran a small cap in the 90's. I fought with my board all the time because they were more interested in lining their own pockets than creating shareholder value. I lost that battle and found a different career path. I worry these guys are as incompetent and dishonest as my former board. If they are the shorts will ride this to zero
I may be the wrong guy to ask. This stock has killed me. There has to be a dead cat bounce in here somewhere. The problem is all momentum lasts longer than you expect. My instincts would be that we've seen the worst of the selling. I'd love to know what some value manager thinks it's worth. Too many people posting here have an agenda for lower prices so who knows whom to believe? If I were short this I would post that it's worth $1 a share and say I ran it through my investment process. If I were in your position I would give it some more room on the downside before I pulled the plug. Some of these shorts will ring the register today, so I expect it to close higher.
My investment team using CAGR model came up with a real market price of $2.83. We strongly encourage investors to sell! Factoring -5% growth rates, and increased competition Zagg suffers from an over saturated product market.
pdlenter.. what do you think.. do you think the 3.5 area is the bottom or do you think i should sell with a larger loss from a purchase of 4.10 if it starts to go down? (you can email me at yah00 if you want.
Don't be ridiculous trading at 15 time earnings with biggest quarter of the year coming,, every analyst at buy or hold Back up the truck baby and load up on value ZAGG at 3.67 !!!!!!
Sentiment: Strong Buy
Thank you very much for responding.
I don't have the skill of the great BABA so I respect your wisdom. Today's drop after the buy order I wasn't expecting and I didn't know if it was a game changer. I am flexible and realize I cant win every time.
I don't know what ga,a,a,t means, but I'm assuming you're saying to continue and be patient. If I'm wrong, please correct me.
BABAFollower loves continue.
this was the 1 of the 2 reason their product flops, the other was the new Ifrogs speaker system.
"I apologize for not responding to every single post, related to me (underground restrictions still apply). have fun
The train passengers are instructed to complete their arrivals in the next ten trading days. get it? ga,a,a,t it. good. done deal. have more fun
BABA loves ga,a,a,t."
maybe you missed this post of mine from yesterday. have fun
all passengers are not in yet. have more fun