The Bowser Report – Daily Mover Alert February 29

On Monday, The Bowser Report issued a daily mover alert on Electromed, Inc. (ELMD) and Spar Group, Inc. (SGRP), both of which gained over 10 percent for the day, as well as MeetMe, Inc. (MEET), which lost more than 10 percent.

Electromed has been ripping higher over the past few weeks and today continued that trend. Since February 1, the stock is up over 183%.

On February 9, the company reported record quarterly results, and the stock soared as a result. ELMD has a high Bowser Rating of 10, but is well over $3, putting it out of buying range.

Continue to follow the Bowser Game Plan if you are holding shares, selling half at the double and the remainder after it drops 25% from its most recent high.

SGRP jumped today on no news. Volatility has been the name of the game recently for this stock.

With a Bowser Rating of 7, SGRP is not in buying range because of its low rating. Those with holdings should continue to follow the Game Plan with regard to the 50% drop rule.

MEET had a great quarter: $6.9 million increase in sales, $6.1 million in earnings ($0.9 million in same quarter last year), no long-term debt, an increase in assets and a decrease in liabilities.

So, why the slide in share price? The company issued “low” Q1 and FY 2016 guidance of $12.5-$13 million and $62-$65 million in sales, respectively. Q1 2015 sales were $11.6 million, while FY 2015 sales were $56.9 million. While estimates still show growth, analysts expected slightly higher growth. That likely caused today’s sell off.

With another good quarter under its belt, MEET will maintain its high Bowser Rating. Despite the lower guidance, consider adding MEET if it drops below $3 per share because of its consistent growth. Those with holdings currently, follow the Game Plan.

To learn more about The Bowser Report, visit https://thebowserreport.com

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