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Logitech International SA Message Board

  • swcm2013 swcm2013 May 22, 2013 4:13 PM Flag

    ZAGG buyout rumor

    So a rumor was on Benziga claiming LOGI was in talks to buyout ZAGG. AS a ZAGG long, I think it would be a good deal - ZAGG is not as super fast growth as it used to be but its still growing much faster than LOGI. At the same time, the iFrogz lineup would do better with the LOGI brand than standalone imo.

    I am curious, how would you LOGI longs feel about a ZAGG acquisition? If ever it were to be done, it would now, with ZAGG's stock beat up despite positive EPS and cashflow and LOGI having a huge cash pile.

    I would love your thoughts, as I am not as up to speed on LOGI as many of you are likely to be.

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    • I looked at the web site. They sell cases , audio speaker, protectors and other apple products. The fast search I did looked good. LOGI is way over sold here. I just bought and would be happy for a 3 dollar gain here. The majority bought between 9 and 10 dollars according to the volume level search I did for a reference for a take out price range.

    • I think Logitech going big after Zagg streagnth segments, it toke some time for Logitech go after tablets and smartphones as it toke two years to have the current permanent CEO, but it is 2013 that Logitech start to put some break on theses new coming brands as logitech re focus on core strengths again

      • 1 Reply to swisslakes
      • ZAGG has great growth and profits. LOGI has 333 million in cash and ZAGG has a 1.6 market cap now. They are way down and cheap now. The shorts have been giving them trouble as it has been shorted to a tune of 26%. With the .3 PEG and .75 cents a share in cash the timing would be right. LOGI could benefit from the shorts driving it down. It would be great to get it for 6 dollars and give he investors 20% gain. Insiders and Institutions have been dumping it that raises a red flag. FLOAT at 24.51M with institutions holding half , and selling 8 mill. MAYBE the shorts are just winning. The institutions bailing had to hurt the longs.

 
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