ZAGG Inc. designs, manufactures and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide. ZAGG's flagship brand, the invisibleSHIELD, is a protective, high-tech patented film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices and other items. The patent-pending invisibleSHIELD application is the first scratch protection solution of its kind on the market, and has sold over one million units. Currently, ZAGG offers over 2,500 precision pre-cut designs with a lifetime replacement warranty through online channels, resellers, college bookstores, Mac stores and mall kiosks. The company continues to increase its product lines to offer additional electronic accessories to its tech-savvy customer base, as well as an expanded array of invisibleSHIELD products for other industries.
ZAGG Inc. designs, manufactures and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide. ZAGG's flagship brand, the invisibleSHIELD, is a protective, high-tech patented film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices and other items. The patent-pending invisibleSHIELD application is the first scratch protection solution of its kind on the market, and has sold over one million units. Currently, ZAGG offers over 2,500 precision pre-cut designs with a lifetime replacement warranty through online channels, resellers, college bookstores, Mac stores and mall kiosks. The company continues to increase its product lines to offer additional electronic accessories to its tech-savvy customer base, as well as an expanded array of invisibleSHIELD products for other industries.
I'll admit that I missed out on the move in this stock from as low as the mid 2's. But while the reason for my conviction back then was apparently misguided, I do not believe that to be the case at current valuations. I guess the short of it is that I just don't believe in the growth potential of the business. That and the fact that over the past year the company has been burning through cash leads me to believe that an equity raise or worse is in the offing. I see this going as far back as… More
I'll admit that I missed out on the move in this stock from as low as the mid 2's. But while the reason for my conviction back then was apparently misguided, I do not believe that to be the case at current valuations. I guess the short of it is that I just don't believe in the growth potential of the business. That and the fact that over the past year the company has been burning through cash leads me to believe that an equity raise or worse is in the offing. I see this going as far back as 3.5 - 5 per share.
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