- We believe consensus on ZAGG Inc. is far too negative for a traditionally high margin, high FCF business whose stock has been beaten down since March on COVID concerns.
- With recent exits from negative EBITDA business lines, ZAGG is well positioned for strong cash flow to pay down its Revolving Credit Line even in downside scenarios.
- Further, ZAGG remains a strong takeover candidate. As recently as August 2019 ZAGG reportedly fielded multiple buyout offers in the range of $9 a share, almost triple the current price.
For further details see:
ZAGG - Zag When Others Zig