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