Virtual Piggy (OTCQB:VPIG) is a company that operates a payments system that allows parents of teenagers and pre-teens manage and track their spending habits. While I understand the attraction to this idea, the stock is currently trading well above what I believe is the fundamental value. The Virtual Piggy website describes it business model as this:
Our Flagship product, Virtual Piggy, is a tool that provides a secure mechanism for children to initiate purchases online that are parent controlled and monitored while also learning to manage their money. Such pre-approved transactions help merchants to reduce friction in the online purchasing process and also to comply with COPPA regulations in the US.
The company currently trades at...
Only subscribers can access this article, which is part of the PRO research library covering 3,625 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: