August 17, 2012

ZAGG CEO FIRED

Robert G. Pedersen II has stepped down as CEO and chairman. ZAGG president and COO Randall Hales has been appointed interim CEO by the board, and Cheryl Larabee has been appointed to serve as chairperson of the board, effective immediately.

Pederson sold 515,000 shares of ZAGG stock, or $4,234,021 worth, as noted in an SEC Filing today.

ZAGG reiterates FY12 revenue guidance of $256M, consensus $260.15M ; reiterates FY12 adjusted EBITDA guidance of $56M-$61M.

ZAGG dropped about 5% in the after market.

It appears there is more to the story than meets the eye. We will be digging.

What to do now?… Please click here or the title below to read more.

August 17, 2012

WEEKLY MARKET DIGEST: SPAIN IS THE BEST PERFORMING MARKET

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)

SPAIN IS THE BEST PERFORMING MARKET

August 17, 2012

Since July 24th bottom, the Spanish market is up about 25%. The up move continues this morning. Spain has been the epicenter of the European crisis. The point is that the most money is made by identifying value during troubled times.

Most of Europe is on vacation and volume is light. Today is option expiration. Big moves are possible on light volume.

Gold futures are at $1617, silver futures are at $28.21, and oil futures are $95.47.… Please click here or the title below to read more.

August 17, 2012