Yesterday, The Bowser Report issued a daily mover alert on
InfoSonics (IFON) and CPS Technologies (CPSH), both of which fell more than 10
percent for the day.
IFON fell on a disastrous fourth quarter and fiscal year
earnings report, which included significant quarterly sales and earnings
declines. Commenting on the quarter, President and CEO: “This was a very
challenging quarter for us on many fronts.”
Because of this earnings report, IFON’s Bowser Rating will
fall just as its share price has. Therefore, stay away from new positions, and
execute the Game Plan for existing positions.
IFON has a tendency to react strongly to earnings. While
this quarter was bad, the company has bounced back before. So, while it is
extremely speculative due to volatile financials, we’ll continue to follow the
company.
More volatility from CPSH caused today’s fall on hardly any
shares. Stick to our previous guidance, summed up as the following: no new
positions; follow the Game Plan for existing positions because of a low Bowser
Rating due to inconsistent financials.
To learn more about The Bowser Report, visit https://thebowserreport.com
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