Investment Thesis Overview
Since mid-2018, ZAGG Inc. (ZAGG) experienced several headwinds and hiccups that brought its stock price down dramatically, including a 25% pullback over the past month. It currently trades at multiples that suggest a low probability of obtaining minimal growth. However, this pullback created an attractive opportunity, as downside risk seems manageable while significant upside is possible should management reach its 2019 financial goals. The following thesis provides insight regarding ZAGG's operational headwinds and several catalysts that can help the company overcome weakness, including three recent acquisitions.