Sunday, October 17, 2010

ZAGG No Longer a Penny Stock, But!

I realize ZAGG is no-longer a penny stock, but the stock represents a real opportunity for gains, IMHO! I wrote about the company when Verizon (VZ) started selling the MOTOROLA (MOT) DROID . At the time the share price was near where it is today, but today there is IMHO much more potential for gain. My guess is that we will continue to see increased demand for ZAGG products which are used to protect electronics devices like the Apple (AAPL) iPad, and other devices. The company recently released news that their numbers are much better than expected!

"Zagg also lifted its full-year forecast. The company now expects revenue for 2010 will be up 70 percent over 2009 levels, suggesting $65 million. That's up from a previous forecast for a 30 percent increase."

Always consult a registered investment adviser prior to making any investment.

No comments: