Singular Research Maintains Buy on ZAGG
| 29-JAN-10 – ZAGG Incorporated (ZAGG:BUY) Management lowered Q4:09 revenue and EPS guidance. Long-term growth story remains intact, despite near-term issues. Maintain coverage with BUY rating. |
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REVISED GUIDANCE
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Singular Research aims to be the most trusted supplier of unbiased, performance-based research on small micro cap companies to fund managers. Its goal is to provide initiation reports and quarterly updates for approximately 40 micro to small cap companies. In most cases, Singular’s analysts research companies that are not covered by any other firms.
Analysts do not receive any form of direct compensation from companies under coverage. Analysts are compensated based on the accuracy of their research calls, not through paid for research by companies or potential deal flow.
Our track record since inception, August ‘04, is up 65.70% vs. -8.43% for the Russell 2000 and -17.19% for the S&P 500 through December 2008.
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Disclosure: LONG ZAGG and I’m an advisor to ZAGG
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Hey Ian, ZAGG pays for Singular research, do they not? The wording is so tricky on their disclosure that it is like a ZAGG press release! It says that no analyst receives compensation but I bet Singular does. Did you ever add up how much money ZAGG spent on stock promotion(including you pay)? Clearly it is good for a company to tell its story, but when they go so over-board with promotion it is a big red flag.
No ZAGG didn’t pay Singular or its analysts. I asked them way back when they initiated coverage.
IC
I looked into it too. Singular was paid. Not the first nor will it be the last time that ZAGG has lied.
Call Singular if you doubt me. Just be very careful with the wording as they try to fool people with double talk.
Well I know that the company didn’t pay for it.
IC
They didn’t pay Singular; they paid Millenium. It is a very clever way of saying that they didn’t pay Singular:
The following disclosures relate to relationships between Singular Research and Millennium Asset Management, LLC (“Millennium”) and companies covered by Singular Research and referred to in research reports. The reports have been prepared by Singular Research, an affiliate of Millennium which is an investment advisor registered in the State of California. Singular Research receives fees from Millennium for the right to use and distribute research reports prepared by Singular Research. Millennium does and seeks to do business with companies covered in Singular Research’s research reports. Millennium may receive fees from issuers that are the subject of research reports prepared by Singular Research for investor and public relations and other marketing-related services provided to such issuers by Millennium. As a result, investors should be aware that each of Singular Research and Millennium may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.
I saw that, but the company didn’t pay them. Doesn’t mean a third party didn’t. Either way, I doubt that many bought the stock because of this report as it wasn’t that great anyway. Investors already know the axe in stock is Merriman. They have been spot on since day 1.
IC