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ZAGG Inc Message Board

  • discinboy discinboy Nov 28, 2012 5:26 PM Flag

    hzo update

    Hzo states in their latest blog that at CES 2013 (starting Jan 8th) they have a "big announement" as well as "new products". Can shorts even cover before then, ~30 business days? I don't think so, even covering 300k shares pushed the price up 35 cents, and they will quickly run out of sellers. Anything under $18/share is stealing.

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    • I have been a big believer in HZO (the reason I bought in last year), but I don't think this is going to be any major announcement. If they had a deal with Apple or Samsung they would not be announcing it at CES. I do believe they have contracts in place, I just think they are with some smaller players and possibly not even in the mobile space. If the contracts they had signed were with major manufacturers I think we would be hearing a lot of rumors about it already.

      So my question is what impact will it have if the first deals they announce are with smaller players and for applications that people are not expecting. Will the market react negatively since they didn't hit a home run, or is any deal at this point going to be positive news and drive the share price higher?

      • 1 Reply to mikenielsen703
      • Mike, most of what you say is already known fact from the recent interview with the HZO CEO. Nobody is willing to put it into their flagship product yet, they are already coating other products at the HZO headquarters. I expect these announcements to be hzo coated phones that are not the very latest technology and not the huge sellers. At this point, I believe the market has written off HZO and announcing it on any product will be positive.

    • not another round of worthless hype at ces for this moneypit. last year you would have thought they invented the bread slicer.

 
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