ZAGG Inc (ZAGG): ZAGG went from 65c to $7 in seven months during 2009 and is now around $4. The company will likely earn 0.20 in 2009 (give or take a penny or two), and gave guidance of 0.40 EPS for FY 2010. With increased distribution for invisibleShield and new product introductions throughout Q4 2009 – Q1 2010 (ZAGGsparq, ZAGGskins, ZAGGfoam, ZAGGbox) continued growth looks to be all but guaranteed. Even if the company would earn 0.30 in 2010, this growth would warrant at least a 20 PE by EPS growth standards, so I believe the stock should do well from these levels. The company will be making a big splash at the Consumer Electronics Show in January, and it is probably when the stock will revive itself as well.
This dip that it is on now is a great buying oppurtunity, I hope they panic sell it tomorrow and if it starts to run up I will add to my position. I rarely do this, but this stock will make a quick and great comeback. I will be offline for the rest of the time and will be touring CA.
This market continues to move higher. One of our subscribers banked today on BIDU entry at close now up 7% on his play.
Ben
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