Skip to main content

Market Overview

Topeka Capital Markets' Frederick Ziegel Says NQ Mobile Will Have To Do A Re-Education Of The Investor


Topeka Capital Markets Analyst Frederick Ziegel told Benzinga that only time will help investors regain confidence in NQ Mobile Inc (NYSE: NQ), which was the subject of scrutiny from Muddy Waters and an audit from PricewaterhouseCoopers Zhong Tian LLP.

If the business performs, Ziegel explained that the only way NQ can earn investor confidence again is through time since the company has been so off the radar screen for almost a year.

“They would have to do a re-education of the investor even if nothing has changed just because of the time gap,” he said.

Since the company last reported earnings in 2013, Ziegel said it has made acquisitions that haven’t been described in terms of the business, but sort of characteristically described as FL Mobile and NationSky-like businesses.

“Those businesses took off like a rocket,” he said. “It’s accretive.”

The story is going to be dramatically different than it was a year ago, Ziegel said, which is why the company needs to get out and share that story.

NQ Mobile is part of the PowerShares Gld Drg Haltr USX China ETF (NYSE: PGJ), which was trading up 2.75 percent.

The Claymore/AlphaShares China Small Cap ETF(NYSE: HAO) also holds NQ Mobile, though it was trading down about 0.23 percent this session.


Related Articles (NQ)

View Comments and Join the Discussion!

Posted-In: Frederick Ziegel mobile NQ MobileAnalyst Color Short Sellers Previews Exclusives Trading Ideas

Latest Ratings

QSRNorthcoast ResearchInitiates Coverage On
DQGLJ ResearchInitiates Coverage On22.1
TCMaxim GroupDowngrades
GLNGB of A SecuritiesDowngrades
LMNXPiper SandlerDowngrades37.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at