ZAGG Incorporated

Here is a free little gem that was uncovered by the Stocknod neural network earlier this year and has been an absolute gang buster – and reading the analysis you will understand why. What is Zagg Incorporated?  Well everyone is aware of the Iphone craze and Apple’s soon to be dominance of the PDA and phone markets, so as an investor you must be asking what are the opportunies (other than buying APPL Stock directly) that this Iphone dominance might yield. 

Have you ever noticed how the majority of cell phone screens (the protective covers) always tend to get scratched up rendering your phone almost useless within the first year?  Well not with the IPhones and the reason being is because there is a little company called Zagg Incorporated that designs, manufactures and distributes a powerful new protective covering for hand-held devices called Invisiblehield. The invisibleSHIELD is designed specifically for iPods, laptops, cell phones, digital cameras, and other type digital assistants (PDAs) and watch faces. Read more on ZAGG News brought to you by Stocknod.

The Company’s flagship product, invisibleSHIELD, is made from a protective, film covering that was developed to protect the edges of rotary blades of military helicopters. That’s right the same stuff that is on military helicopters. The film also permits touch sensitivity, meaning it can be used on devices that have a touch-screen interface. The film provides long lasting protection for the surface of electronic devices subject to normal wear and tear. The film is a form of polyurethane substance, akin to a very thin, pliable, flexible and durable clear plastic that adheres to the surface and shape of the object it is applied to.

So what has Zagg’s stock price done recently? The Stocknod neural network fired a buy on ZAGG in February, 2009 at $1.22 and yesterday (7/29) ZAGG closed at $6.56. For the buy and hold investor that’s over 450% growth since our member’s received the initial buy signal back in February. The Stocknod swing traders have also made out like bandits on this hot stock pick with very similar gains.

What does the future hold for ZAGG?  While most analyst recommendations still have ZAGG as a strong buy, my personal opinion is that it is still a good buy but I wouldn’t expect to see 450% growth like we have seen over the last 6 months. Stocknod will continue to monitor ZAGG and recommending to our member’s when to buy the dips and sell the rips as detected by the neural networks and there will still be opportunity but I would look for ZAGG’s stock price to settle in between $6-$8 share over next six months.