Seeking Alpha

hhgregg on the move after Standpoint upgrade

  • Standpoint Research is in with an upgrade on hhgregg (HGG +2.3%) to a Buy rating and fresh price target of $16.
  • Analyst Ronnie Moas of AAPL-and-MO-are-too-immoral fame likes the retailer's combination of no debt and the confidence expressed by insiders. He expects EPS of $1 within a few years.
  • Shares of HGG are off close to 18% on the year, but have gained steam today off the Standpoint endorsement.
Comments (1)
  • Weighing Machine
    , contributor
    Comments (726) | Send Message
     
    not sure what Standpoint research is but HGG is a terrible investment.
    24 Jan 2014, 02:04 PM Reply Like
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