The Zedge Hypergrowth Story Is Played Out
Zedge Is Falling By The WaysideZedge (NYSEAMERICAN:ZDGE) was an interesting play on tech back in the days of cheap debt and economic stimulus but those days are over. Looking at this stock from our new perspective, debt is getting more and more expensive, and the business is ultra-exposed to consumer trends. Consumer spending is getting crushed under the influence of inflation and that situation is only going to get worse and oil prices are cutting into spending as well. Gasoline is above $5 nationally and heading higher, we don’t think this is going to free up any extra dollars for fancy ring...