The stock was battered yesterday when an Analyst from BMO Capital said testing of the new Leappad Ultra revealed several glitches and poor reviews might hurt retail sells of the devise.
I just did a search reviews of the product and actually saw the vast majority as very favorable. Check it out, it just doesn't jive!
When you see price action like we have lately, it's hard not to believe the conspiracy theories that these downgrades are just orchestrated for price manipulation purposes. I'm not much of a conspiracy guy, but c'mon, this is just mental.
And then when you come across good reviews contradicting the BMO guy's BS, it makes you really start to wonder...
I tend to agree. Ultra is not even there biggest moneymaker. Last I checked the content was the biggest seller. Backing out the cash we are now selling at about 10X EPS from 2012. I still say we will hit $.80 EPS this year. The price is currently at "load the boat" level. I have a feeling some hedge fund is doing that as I type. Long and strong. Got even longer Today!
Sentiment: Strong Buy
It will head back to 10+ soon
Bmo is an analyst not a gadget reviewer
Leapfrog is not all about the tablet and btw the tablet sales are extraordinary
Look at amazon and toys are us for feedback
This is a hot Xmas product worldwide and way undervalued
Watch out for takeovwr
@hookemup - agree with your post. i looked at amazon's review (which the BMO Capital research note references) and the most recent reviews have consistently been 5 stars... Anyone can go look up the Leapfrog Ultra and read these reviews. It's tough watching this stock nosedive but the investment story is intact -- innovative leader of educational hardware and software for kids.