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written by reader Any thoughts on the 5G stock being teased by David Fessler (Oxford Club)?

By mgsoloway, March 7, 2022

Any thoughts on the 5G stock being teased by David Fessler (Oxford Club) with this copy?:
Former Telecom Insider Reveals…
This Is the Only 5G Stock You Need to Own.
“At the end of the day, we will NEVER see nationwide 5G coverage without this obscure California tech firm’s patented ‘linchpin’ device.”
In the ad, it states that the stock is around $5.
Cheers!

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Travis Johnson, Stock Gumshoe
March 8, 2022 6:34 pm

That’s still Inseego (INSG), which Fessler has been touting for a round trip now over the past few years, from $5 or so back in 2019 up to the low teens for a while in 2020, and now back below $5 again. I think the last time I updated my article about that teaser was a little over two years ago now, but here’s what I shared in part of a Friday File for the Irregulars last June:

Remember Inseego (INSG)? They continue to be pitched as the “5G Linchpin” from time to time, mostly by David Fessler at the Oxford Club (whose ads on this one haven’t changed much in the last 18 months), but were a teased favorite of a bunch of folks, especially in late 2019 and early 2020, mostly in hopes, I expect, that they’d get the same boost from 5G home base stations as they did from 4G “hot spots” 14 or 15 years ago.

I suppose that might still happen, but they seem to be stalling out now, with the last quarter being a reminder that they’re not really growing very dramatically. Revenue is expected to drop this year and then bounce back a bit in 2022, at least as far as analysts believe, and no profits to be seen (they did have a surge of revenue last year as people bought up 4G hotspots in order to boost home internet connectivity for work from home/school from home needs, with big orders for schools for hotspots that they could lend out to students who didn’t have home internet service, but that’s a one-time surprise boost from their legacy 4G and home network business, and won’t be repeated). They also just lost I think their fifth CFO in the five years since they changed their name from Novatel Wireless, though I don’t know why (and as I’ve said a few times, we have to take C-suite transitions this year with a grain of salt — lots of people decided to change their lives during and following the pandemic, with lots of retirements and resignations, it was like the whole world had a midlife crisis all at once). I traded some call options on this one when the attention first started to build in the summer of 2019, but never expected much sustainable growth to come from it in a business where home internet equipment is really commoditized and low margin for most players. I would not be surprised to see this one back at $5 again in the next year or two, but won’t be betting on it either way.

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sdoerr
sdoerr
March 13, 2022 11:06 am

David Fessler seems to be talking about a chip stock. Does INSG make chips also?

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Robert Mccarthy
May 23, 2022 10:40 am

Fessler is at it again. I just received this same pitch about the magical “linchpin” in the last week.

Last edited 1 year ago by floridahouse
Travis Johnson, Stock Gumshoe
May 23, 2022 10:51 am

Hard to believe this ad is STILL rolling, the first time I wrote about it was in September of 2019, and we’ve seen the tease re-circulated, generally without many updates, every couple months for more than two and a half years now. This was initially a strong “story stock” for 5G, then took off a bit as it was shorted enough to get some Reddit attention in early 2021 when everyone was looking for the next GameStop, so it has been teased with essentially the same language from $5 to $15, and now it’s back to where it was for most of the past decade, around $2… here’s what the stock has done since Fessler’s tease began, for what it’s worth (that’s INSG in purple, the S&P in orange):

comment image

INSG data by YCharts

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