Zagg has gone from 70 cents to 7 dollars in 2009 and is now at 3.80ish. ZAGG is a stock that I am adding heavily to my portfolio heavily because of their great value, and their potential future growth. The first thing that I look at is their revenue and the fact that they have been growing at a rapid rate. Their margins are super high near the 50% level and they will continue to keep up this growth as their name brand gets out there. They are currently earning about .20c per share and are forecasting that they will earn .40c per share next year. At that rate the stock could be in the 10’s by summer of next year. The cell phone industry is in need of a company as phones become more and more like computers they will need more protection. The one with the most protection will win, and ZAGG has that cutting edge material. See in the video the body builder trying to rip the cover.
They have very little or 0 debt and they are a growing company that is being very aggressive in their industry as far as getting their name out there. Their shareholder equity divided by their shares outstanding minus any tangibles puts the stock in a safe place (no risk of bankruptcy or huge need for capital) with their balance sheet being in the clear. On any major dip I will load and load thousands of shares into my account. This stock will potentially double from here and I will be in for the ride. Should be a good time. Enjoy the video below that I found on YouTube.
We will all be very wealthy from this company and the other number of companies that I will be analyzing on here in the very near future. I also have a few gems that I will be posting soon, so that we can get into some monumental investments/trades that we will talk about for years to come!
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