Hold - Price 3.09 on Dec. 12
by Wedbush Morgan

Market cap: $46 million. Reiterate Hold on ongoing lack of visibility on turnaround and cautious outlook for holiday spending. Our 4 target assumes SHRP should trade at approximate 40% discount to our long-term projected growth rate of 10%.

cyclical, pretty much always strong after the holidays.

I wanted to write a quick note on Sharper Image (SHRP). On Thursday, shares of Sharper Image surged after the SEC reported that many of Sharper Image’s top brass including Chairman Jerry Levin and Chief Executive Officer Steven Lightman purchased $400,000 worth of shares in the company. Sharper Image has dropped from a 52-week high of $14.16 and is now trading at $2.63. I know I stress to follow the smart money or insiders’ lead, but continued deterioration in a company’s operations always raises a red flag.

Lastly, a cultural shift has occurred and people no longer have to go to the gadget store to get their favorite products. Although, there was a decent insider buyback, I would wait to see if the company performs before jumping onto a potentially sinking ship

sell the Hot+Cold Mini Fridge ($100) which you can plug into your car cigarette lighter

A Director bought 60,000 shares; value $555,000

a small cap, but worth it to me

Company has no future, direction, or appeal

Poorly managed, lacks new products

Company has not had any new products in 20 years. Dead in the water. Terrible management