We have never mentioned Zedge (ZDGE) before, but we believe it is a steal here at $1.70 per share and likely to make a big bounce. ZDGE has a market cap at $1.70 per share of $24.548 million. ZDGE has a net cash position of $16.088 million for an enterprise value of only $8.46 million!
The Zedge app has been downloaded 600 MILLION+ times on Android/iOS devices! It is the world's #1 highest grossing personalization app in the Google Play Store!
NIA previously wrote about how the most secretive success story in Wall Street history is Newark, NJ based IDT Corporation (IDT), because its stock chart doesn't show its history of successful spin-offs, some of which hit market caps far higher than IDT.
NIA explained how including the shares of spin-off companies received by IDT shareholders, its earliest investors have achieved similar returns to Amazon.com (AMZN)'s earliest investors. For example, we mentioned how previous IDT spin-off Straight Path Communications initially began trading at $5 per share and gained by 3,580% to $184 per share where it got acquired by Verizon for $3.1 billion.
On July 3, 2018, NIA suggested IDT spin-off company Genie Energy (GNE) at $5.44 per share. Today, GNE is $15.50 per share up by 184.93% since NIA's suggestion. ZDGE is an IDT spin-off company just like NIA's GNE, which has become a huge winner!
ZDGE has massive upside and very limited downside!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.