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Barrick Gold Corporation Message Board

  • delphioracle2013 delphioracle2013 Jul 23, 2013 9:38 AM Flag

    Sell ABX and buy ZAGG that is heavily shorted & making over $0.46 in 2013 & $0.55 in 2014

    It looks like Gold and ABX seems to be having a good bounce back ... won't it be a good idea to bank ABX profit ... selling ABX and buy ZAGG ...

    Among all 3 accessory makers LOGI, SKUL & ZAGG the later is the best positioned and has the lowest P/E ratio for 2013 (LOGI 20.33, SKUL 41 & ZAGG 10.57) & 2014 (LOGI 32.24, SKUL 18.62 & ZAGG 8.83) and also the lowest PEG ratio (LOGI 1.15, SKUL 7.23 & ZAGG 0.87).

    ZAGG is worth at lest 2013 P/E valuation of 20, which translates to about $9.2/share and 2014 P/E of about 18, which is about which is also about $9.9/share ...

    On top of that it is now has probably over 36% of the float in short position, which makes ZAGG a good short squeeze candidate that could reach 1.5x to 2x of prospective valuation ... giving a potential PPS target of $15/share ...

    Motorola is starting the roll out of next gen smart phones with Motorola X, and Apple and Android is about to announce their new phones and tablets ... that starts another season of up swing in sales for all 3 accessory makers

    It might be great time to sell ABX and buy ZAGG for another 2xopportunity ...

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