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Investing on a budget? I discovered some penny stocks as my picks for the portfolio.
Guggenheim downgrades Roku, citing warning signs after latest quarterly report
Guggenheim downgrades Roku, citing warning signs after latest quarterly report
Nielson Holdings news coming?? $NLSN
The Summer Blackout Squeezeplay - $POLA : on FINTEL Short Squeeze list, SMALL FLOAT, reported earning on May 16, 2022, gross profit increased by 1660%, Squeezed from $4 to $30++ last year, summer blackouts on the way, POLA provides backup power solutions.
Perion network beats earnings estimates, 34% YoY revenue growth in 4th quarter.
$PERI, an adtech play the street is overlooking
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As someone who works in the industry, Roku is still a major player for ad sales. CTV is huge right now. Can’t speak much to the financials, but that’s my 2 cents.
Hello everyone, first of all let me introduce myself because it is the first time I have written here, despite having followed the page for many years. Almost 30M (so I saw it written), permanent contract at a famous fashion company with a RAL of 33 thousand euros, car ownership and I still live with my parents despite the fact that I am trying with my girlfriend to move in together in rent and to buy a house in a few years. Exactly 3 years ago, on the advice of my father and a friend of his, I opened, through a Banca Generali consultant, 4 totally equity PACs on 4 funds which I will now list below and in which I deposit 200 euros per month each (therefore 800 euros per month). I specify that on the first deposit I paid 2000 euros into each fund and therefore to date I have deposited 9200 euros into each fund for a total of 36800 euros (and now I have 33,400). Next to each fund I write the VAR% and the last CTV of that fund. - INVESCO GLOBAL CONSUMER TRENDS FUND AND ACCUMULATION (Eur) approximately 8200 euros -10.94% - LUX IM PICTET ASIAN EQUITIES DI EUR ACC (Eur) approximately 7500 euros - 18.04% - LUX IM ESG GREEN ENERGY DI EUR - approximately 6250 euros -32.26% - FRANKLIN TECHNOLOGY N EUR ACC (Eur ) approximately 11,400 euros +23.62% I think I've told you a little bit of everything, if you need any more information ask me.. I tell you the truth, I don't understand anything and I did it because I was convinced by my father and this friend of his, for the usual reason "if you leave them in the bank etc.. etc." but I would like to have an opinion from you who certainly understand more than me. Do you think I was right to trust and invest in these funds? Should I continue to pay money into these funds or have I got caught in a big situation and should get out as soon as possible to limit the damage? Should the positive 23% be withdrawn and invested elsewhere? If I leave early, do I also have to pay a penalty? My goal was to find myself at 35 with money saved up to buy a house, but I'm afraid I bit off more than I can chew by trusting this bank... Thanks to everyone who responds!!
I think CTV ad spend will continue to grow very well in the next few years as streaming companies add an ad tier or make more investment into growing their ad tiers. TTD will benefit very well with this as they have been focused on CTV advertising to grow revenue. They already have agreements with Hulu, Disney plus, Roku, Paramount+ and Peacock. If they get into Netflix it could be a big win but 🤷 that's speculation at this point
I don’t see Bitcoin drowning out systems entirely. That’s fantasy land stuff. I do see it becoming an enormous and highly favored base currency. Whether it grows to be 15% of the world’s total money supply, or 27%, or 40%, or 70% really makes not much difference to me. It will continue to grow, until maybe even better things emerge. Specialized barter hour-for-hour based on what to people need. There’s so much tech opens the doors to in trade that we haven’t much considered even. My goal, the goal of the people I spend time with in bitcoin, is to find new ways to scale down to collect those who have already been priced out of bitcoin because of things like dust limits, high-fee environments, only having 2000-4400 transactions in each block as of now (~3400 average past year) which means average ~490k transactions per day, or currently topping at ~625k per day. It works for the stage we are at right now, but scaling, and doing scaling the best way possible, is what has been under discussion for a decade. But there is a reason Justin Sun’s Tron chain is still being used heavily for the poorest or the poor in the world to access a placeholder for the USD. That’s because his system is centralized enough that it can handle the fractions of a cent and send it for fractions of a cent. People holding Turkish Lira or Argentinian Pesos don’t always have $57 on hand to buy $50 worth of bitcoin, pay the $2 exchange fee, and pay the $5 tx fee, only to find two days later their sats are now worth $54, but they can’t cash out yet, or $42, meaning the lost money. So they stick with WHATEVER is available that will stop their money from devaluation at the rate it is in their country. This is where I want Bitcoiners to focus, because when you solve from the bottom up, by the time you get to the top, you have the whole globe behind your project. There are many new BIPs (Bitcoin Improvement Protocol) which offer a lot of new opportunities to scale better—but they have to be stress tested, reviewed, discussed writ large, “voted” on by nodes (means implementation of the changes into nodes), and have enough consensus to not cause a chain split like the Big block/Small block debacle. The past five-seven years were largely dedicated to building layer two interoperability, such as lightning—and while I think layer two’s are great, eventually you max out some of those systems too—or you have to turn to a federation like Blockstream for side chains like Liquid. All the while, bitcoiners argue on what is the best way to do this. There are myriad ideas out there floating and being discussed daily by devs and other thoughtful people in spaces on Twitter about what they’ve been working on or thinking about: -More layer twos -Layer threes -Settlement layers between main chain and L2s -OP_CTV, OP_Vault, TX_HASH, and other covenants -Sidechains, drivechains, federated chains, -fedimints, e-cash/cashu, SMS text-based opcode -mempool policy changes on filters/limits -miner decentralization tactics to move hash from Foundry, Antpool, and all their other pool’s masquerading as separate -watching media and congress like a hawk to see what they are trying to pull next. -trying to not let saboteurs come in and create upset just to further stall progress. It’s a true uphill battle. After all, it really is a grass roots operation, always has been. It succeeded because it is necessary in a world of broken money, and we have to keep it that way to win. Cheering in people like Saylor to eat up 1-2% of the total supply doesn’t quite serve people the way I believe bitcoin CAN serve people. The ordinals/BRC20/stamps/runes and other arbitrary data has come along as solved for a fear many don’t have—that fees alone won’t sustain bitcoin in the future when the block reward diminishes. I do not agree at all with this take, and I think while I’m willing to let anyone speak to their ideas, and try sometime new, that this operation will be pretty much dead in the water by 2027. The point, my point, and many others’s point, is that instead of cheering on more custody, to more centralized platforms like coinbase holding custody for 85% of the new ETF’s, and miners who go public having to commit to only use Foundry where their contributing miners must KYC, and who can have their bitcoin 6102ed by the executive branch at any time of “national security” like they did gold 90 years ago, it only brings in more, and more complexity and falliability to the bitcoin ecosystem, and the only real pay off is number go up [and even that is utopian and questionable]. I WANT TO SEE BITCOIN SCALE. What that means to mean is no more of this bullshit like: “we’ve already won”, “bitcoin is fated to win”, “I can just trust someone else to do all the thinking and coding for me.” How much do you want to see what’s actually possible on a disinflationary money? I do! I’ve watched it for a decade, as groceries, rent, gas, tools, computers, toys, vacations, homes all fall against bitcoin linearly. But my western problems in California are the same problems are some of my Russian coding friends, or people in Honduras I speak with, or Africas who can only use their cell a couple times a week. Building an all encompassing global monetary network means doing our best to reach everyone, and even making concessions when fediments, or local bitcoin banks/leaders can serve, or creating better means to do millisat transactions, and on and on. It’s a lot—but there are truly brilliant minds working constantly in the areas they know best. I just pray we can get back to having the good faith arguments from a decade ago before spooks came in to surreptitiously create disharmony, paint bitcoiners as out of touch racists, criminals, and whatever other PR tactics they’ve used for centuries. It won’t be easy. But I would much rather be onboard my friends and family to real bitcoin and teaching them how to store than conversing to a closed system where the government tells us how we can mine, transact, and how much of our USD profits belong to them when we must cash out at least a portion to fix our roofs or get another decent used vehicle. Bitcoin to the bottom first before the top. We are trying. So no, I don’t celebrate more ETFs. We went through this last cycle with GBTC and BAKKT, and mostly it just opened more risk. Hope that helps.
TTD has big competition in advertising vs google and meta. But the good news is they are focused on the open internet outside their walled gardens. They've got strong competition in a very profitable industry, but I really like their CEO and they seem to keep making the right moves to innovate. They've got a great spot in the CTV advertising which is driving their growth. And as more streaming platforms give an ad tier, it gives TTD more opportunities.
Yep this is 100% it, they calculated their ad business all wrong and now have to make up for the shortfall. They were asking insane cpm deals well above comparable ctv placements on Amazon, YouTube, and even most programmatic DSPs now have competitive CTV options with comparable audiences to Netflix available at a fraction of the cost. It felt like they thought it would be super easy to just come in and dominate the space as a market leader trying to make custom solutions and reinvent the wheel only to end up using the Microsoft DSP (which no one hardly uses at most agencies) for distribution. They could of developed a pmp and pg deal team that would have been incredibly profitable at a very low overhead (mostly sales) but no they had to go big try to act like they were all important and not disposable/interchangeable. The same thing is happening to Twitter ads, except before Elon came in their ads team actually knew what they were doing and dealt like I described above.
Ads are increasingly being sold at the TVOS level, not the broadcaster/affiliate level. Roku owns 50% of the market for those CTV ads.
Tthe only legitimate competitor to Roku atm is Amazon's FireTV. There are many reasons, but a major one is ability to scale. The fact that people keep listing Apple as a competitor in the CTV space is laughable and exposes that they only see "this company is worth trillions they will never lose" as the only criteria for success. Go look at apple's market share by ANY metric, it is both ridiculously tiny, and also declining.
You cant really compare users on a third tier social media app consisting primarily of Gen Z to users on CTV on the #1 streaming platform in the U.S., Canada, and Mexico. Look at Roku ARPU, their users are 10x more valuable than SNAP’s.
The bullish thesis on ROKU is they're the leader in CTV, and it's not close. Their revenue comes from advertising. In theory, in a better microenvironment, when companies aren't cutting back ad spend, ROKU's revenue could pick up considerably.
MGNI ($1.82bn) - ad tech company specializing in the fast-growing CTV market. Their platform enables targeted advertising on streaming services and internet-connected devices. With a focus on programmatic ads, Magnite helps brands reach viewers effectively. As the CTV market expands, Magnite's expertise positions them for ongoing success. This is my largest position. BIGC ($723M) - e-commerce platform that empowers businesses to create and manage their online stores. Provides a wide tools for website design, product management, marketing, and sales. They’re focusing on enterprise size companies and differentiating themselves from Shopify. Good growth in gross margins. Also check out CRL ($11bn) , BBW ($300M)
Yes, literally just googling the company's recent-ish news will show that to you and that should've been just the bare minimum step in your due diligence, a single google search [Bed Bath & Beyond CFO's death ruled a suicide | CTV News](https://www.ctvnews.ca/business/bed-bath-beyond-cfo-s-death-ruled-a-suicide-1.6056773)
Why tf is CTV predicting a FED Rate Hike Pause LMAOOOOOOOOOOO
Privacy changes may also eat into Google’s margins. If advertisers can’t identify who they are marketing to, or measure effectively, then they’ll simply pay less. Dollars are shifting to direct publisher buys, CTV, and other forms of marketing. The days of putting all your “digital” advertising budget into display advertising are dwindling. Google also can’t find a way to effectively market without 3rd party cookies which is why they keep extending the deadline to deprecate them.
Roku is the best option for a CTV. There is nothing better. And it beats hooking up a PC because of the ease of use, voice search, and free content on the Roku channel.
Lies. Watch the video from CTV. The black market are the only guys making money. Not talking about average Joe dealer either, I'm talking companies that are unlicensed or only use an acmpr , meaning they are completely unregulated and untaxed. I know a guy who quit the legal industry to do it and is making bank while he was failing before. It literally makes more sense to grow illegally here. Complete failure on the governments side.
Yes, Google has Youtube app that's running on a lot of Smart TVs as well as Android TV (so probably sitting on the biggest CTV inventory globally). Amazon DSP has access to FireTV inventory, Xandr is now the DSP of choice for all Neflix ads. TTD has some good coverage within the US - some Asian and European markets are looiing grim for them as national TV publishers don't want to give away their inventory to foreign players.
With you here. I think it does come down eventually but not this quarter. They only have to beat revenue slightly from previous quarter to meet their forward guidance, and I don't think advertisers will have pulled their budgets much in Q3. $TTD starts coming down next year when the recession really kicks in and marketing spends are gutted. Even then they might be okay if they can lap up a good share of CTV spend.
Source for that? I only recall seeing that streaming time surpassed cable this year. IIRC linear still has about $60billion in ad spend while CTV has less than $20 billion.
Streaming ads are an untouched frontier? You mean like CTV? CTV ad spend surpassed linear TV ad spend this last year. Streaming ads have exploded in the last 5-10 years. I would hardly say it’s an untouched frontier.
Personally I think Google just isn't as dominant in video as they have been in search. The same is true for programmatic and display channels. There's a massive opportunity for them to grow but I don't know if advertisers will agree to spend significantly more especially since their CTV offering is kind of a me too product and other platforms do it better. A lot of dollars will shift to CTV from traditional channels. BUT if they manage to get YouTube premium approaching the top 3 platforms they could grow quite a bit there. I'm not super negative on Google but they'll have to think outside the box to move the needle positively in any real way.
I doubt it, YouTube isn't reliant on conversion tracking to the extent that Facebook and Snap are. There's also a push by Google to increase YouTube for existing advertisers including their CTV component. I don't think there was a big increase but they're definitely trying to increase it.
You mind showing me where you found that CTV is owned by Textron??
CTV will MOASS any day now … any day.
Just researched CTV. That was one fucked company. The first cartrivisions were available for purchase at sears in 1972 for $1600. That’s the equivalent of spending $11,336.69 today. It was a t.v. That played tv shows on cartridges. Super fucking lame shows ya boot. The cartridges were expensive too. During the holiday season of the same year that shot came out, it was discovered that all the cartridge inventory/tape was deteriorating and if purchased and played in your dope ass cartrivision, it would ruin the tape reader heads. Solid investment grandpa!
grandpaps is still waiting for the squeeze on CTV
TTD is a buyer side so they're on the other side of pubm and mgni. I'm very surprised by their number and even better next q guidance. call me cynical, when rest of the industry is being hammered and you're posting better than expected gains? Something is fudgy. Maybe they're stealing the big player's (meta) lunch and I just don't know about it. Worth digging into it though. Pubm revenue is half of mgni yet they're same market cap. This is due to growth potentials and investors are paying a premium for it. While it makes sense, it still highlights that sell side is a bottom of the barrel kinda game when faced against the giants. I quickly went though the earnings, nothing stood out. Q3 is typically a wash quarter, very hard to call. so I wouldn't look too much into the earnings. Mgni is in what I call "prolonged rebuild mode", they've been rebuilding since maybe 2015. Lots of shit acquisition really hurt them. They've acq spotx as a major purchase and have been repositioning themselves as the leading CTV seller. Honestly, we'll see. Everyone knows cookieless is the future but we don't know what the future actually looks like.
>BANK OF CANADA GOVERNOR MACKLEM SAYS CANADA'S INFLATION TO REMAIN 'PAINFULLY HIGH' IN 2022 \>BOC'S MACKLEM SAYS CANADA'S INFLATION TO PROBABLY REMAIN ABOVE 7% FOR REST OF 2022 \>BOC'S MACKLEM SAYS CANADA'S JULY INFLATION LIKELY TO BE LOWER THAN JUNE'S 8.1% -CTV INTERVIEW ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-07-20 ^16:22:31 ^EDT-0400
#5. Competition came into in the CTV space during the pandemic. Amazon and Google are now direct competitors which explains the slowing growth projections.
"The Canadian government is dropping the requirement that domestic and outbound international travellers be fully vaccinated against COVID-19, effective June 20." CTV News
ROKU is the leader in CTV and it’s not close. They have deals with big players and are investing in growing their business. Most people think ROKU is a hardware company, but they make their money selling advertising. They have a trove of data that NFLX found desirable but ROKU would not benefit from selling. The Valium is very attractive and Cathy is betting on the future of CTV.
CTV Toronto: [https://twitter.com/CTVToronto/status/1528337432457904128](https://twitter.com/CTVToronto/status/1528337432457904128) >A man who says he was trapped in his Tesla, unable to open the doors or windows while smoke poured in through the vents, shares his harrowing story.
Vast majority of Roku sales come from platform integration (i.e. built into the TV when you buy it) rather than standalone players. They have partnerships with low-end TV manufacturers because its cheaper to add the Roku software than build your own Smart TV platform, but eventually people will get tired of forfeiting all their CTV adspend to Roku and build their own—Assuming they have sufficient cash flows. Another headwind is that most TV brands using a Roku integration (TCL stands out) rely on retail giants like WMT and BBY to move units; If retail sales decline, Roku’s user base stagnates and the shares will plummet IMO.
Really interesting read. As someone who's long Google, it's nice to hear perspectives out there. I do think you aren't thinking about Google's advertising competitors in a full picture though. Bing is their main "search engine" competition, but Amazon is much greater competition when it comes to "search". More and more searches are beginning on Amazon. TikTok, Instagram, Twitch, CTV are all competitors for YouTube as well. Where consumers "scroll" and view content, can be considered competition. >Competition in it’s most relevant business is almost irrelevant for it’s earnings power and market position as most major players (Microsoft with Bing, Yahoo) have failed to attack it.
Roku +28% revenues YoY, and this is after lapping a pandemic-boosted quarter where they increased their revenues +80% YoY, and during one of the toughest environments they've ever had with supply chain, China lockdowns, and insane air-shipping costs. They are guiding for +35% revenues YoY after lapping slightly easier comps in the latter half of the year. They beat revenues solidly despite taking almost a $20m loss due to supply chain pressures. Another thing to consider - they have more cash as a % of their market cap than stalwarts like AAPL, AMZN, and even FB, with very little debt. Roku's growth is entirely self-financed - a very welcome fact in a market where Carvana was recently forced to turn to private equity to continue financing their heavy losses. They have a forward p/s of 3.4, but if you subtract their cash on hand it's 2.8 p/s. That's an absurdly low valuation for a stock with Roku's growth potential. Roku's assets are also very undervalued. They have the best and most complete first party data on CTV in the market, and as advertisers slowly realize they're getting high ROI on Roku ad spend their ARPU will continue to steadily increase to match the value they are providing to clients.
CTV being an emerging trend is a big part of the thesis, and ROKU is the unquestionable leader. They are branching into paid subscriptions and original content.
Roku's competitors are all the "cheap" dongles. IMO Roku stands far above every one of the cheap OS's and that's why I'm generally bullish on the stock. I think the main issue for Amazon and Google is, how long are they willing to tolerate losses in order to compete in the TV business? Nearly half of all CTV ads go to Roku, and Roku's OS also enables them to use cheaper processors to get the same performance. Neither Amazon nor Google have yet to separate out their CTV business, and they undoubtedly would if they were making a healthy profit like Roku. The ad targeting on those platforms are also not as good, so they end up bombarding you with more ads to make up the difference. It's just something to think about as both Goog and AMZN come under pressure from antitrust legislation and stock price losses. This is not the first time Google has abandoned major revenue-losing projects.
I don’t usually buy blue chips because I’m trying to find companies that can 10x over a decade-ish. Here are some companies I believe can do that $TTD - programmatic advertising will only grow and $TTD is one of the leaders in the space. With OpenPath their only adding to their moat and the expansion of CTV will only continue as even Netflix is looking to potentially start showing ads. $AXON - locked in 5 to 10 year contracts with police departments who aren’t as price sensitive as a traditional consumer so axon can keep raising rates on it’s recurring software revenue segment and it’s products are sticky. Not to mention even their legacy taser business is growing at 17% which is a razor and blade model. Only negative to this company is the high level of stock based compensation. Shareholders can expect 3 to 4% dilution per year but the company is forecasting ~20% revenue growth for the foreseeable future. $ABNB - asset light hospitality business but that’s not where the 10x opportunity comes from. Their experiences segment hasn’t fully come online yet but I expect incredible opportunity there. $CRWD - the only way this company won’t continue growing is if they are hacked. Their net dollar retention rate is insane. Their clients continue to add on more and more modules. Cybersecurity needs will only continue to grow. $TDOC - been getting slapped on this one but I have so much faith in their products and brand. Healthcare is in bad need of a digital transformation. It’s commonly thought that there’s so much competition in the space. Walmart and Amazon are going to eat TDOC’s cake. What investors don’t realize is $TDOC is more than just the videoconferencing software. Their primary360 product is scaling up which will help patient’s health data be more accessible to physicians who won’t have to make decisions solely based off the couple of times the patient visits them a year. Instead $TDOC devices will record health data and use machine learning to help physicians understand trends and make better care decisions.
They have the best CTV operating system. I don’t know if that makes for a moat, but it’s worth considering.
The data and advertising helps. Entertainment consumers tend to have higher discretionary income and they can add in OLV/CTV inventory with ad buys.
MULN has a SI of 11%. ATER has a SI of 41%. MULN has a larger float and lower CTV. Why do you expect that to be a better squeeze play?
MGNI is not worth entertaining unless you’re okay with taking risks. They are no doubt one of the leading CTV companies, but the large debt they took on for SpotX is a big concern. I’m in Pubmatic as well, but Perion definitely has better market price to fundamentals. **Enterprise market value:** Perion: $650M Pubmatic: $1.2B **Expected 2022 revenue** Perion: ~$700M Pubmatic: ~$300M **2022 expected adjusted EBITDA** Perion: $90-100M Pubmatic: $100-110M Note: Perion in 2022 will have a large profit margin increase over prior years due to their SORT and Vodazoo technology as well. **Debt and cash on hand** Perion: No debt, $330M cash on hand Pubmatic: No debt, $160M cash on hand Pubmatic’s growth rate will slow down this year as they are seeing larger revenues, so achieving the same percentage growth will be difficult. They and Perion will see around 30-35% YoY growth in my opinion, not including acquisitions. Perion has at minimum one acquisition guaranteed for the year, but likely will see two acquisitions. They only go for immediately accretive companies that can be integrated into their hub and spoke model, so Perion reaching 40%+ YoY growth this year is very probably. With $330M cash on hand, most are expecting them to pursue larger companies. Perion also has a larger competitive moat than Pubmatic. They service the buy and sell side in all three ad pillars: CTV, Search, and display. Pubmatic (and MGNI) are only CTV. This ensures they will see great consistency with their growth. When advertisers slow down on CTV and shuffle budgets into other pillars, Perion loses no business. Both Perion and Pubmatic are great companies, but without a doubt Perion is undervalued and somewhat misunderstood. Pubmatic is fairly valued in my opinion. To answer your question, Perion was undergoing a major overhaul with completely new management over the past three years. It was only late in 2021 did they have their new services integrated and firing on all cylinders.
ROKU was part of the growth-stock selloff (which was largely triggered by algorithms). A lot of people don't understand how ROKU makes money. ROKU sells advertising on their platform; that's where the majority of their revenue comes from. They are venturing into original content and have introduced subscription-based services. Roku is the #1 CTV and it's not close. ROKU is highly profitable and has very little debt. Their earnings projections for the next several years are very good.
Thinking about buying a 22 Cadillac CTV blackwing. Manual. Any thoughts. Looks like I could get one off a lot for 95k.
No it is not false. CNN , msnbc, CTV , CBC all reported the story. Check out Utube .
You mean regular news like CBC, Global, CTV? Convoy causing delays on the #1, nearby border crossings, etc, on the weekends.
I'm long Roku and VIAC as well. AVOD is getting huge traction, channels like PlutoTV and Tubi are actually making profit *now*, and more and more channels are introducing ad-supported tiers (HBO recently introduced a $10 ad tier). Roku gets a 30% cut of all ads shown on their platform, and increased churn from Netflix is great for Roku because they receive more subscription revenue share from smaller streamers like HBO/DIS/Peacock/etc because of better deal structures. In addition IMO Smart TV's are going to be the standard going forward and Roku OS is the #1 selling smart TV in North America. Even if people buy a RokuTV and use an AppleTV device, Roku still gets information from the base TV. That data enables them to protect their cut of ad inventory better giving them higher efficiency/ARPU. For this reason Roku dominates CTV ads. There was a recent estimate from Pixelate that almost half of all CTV ads in the market go through Roku, with the rest going to 3rd party ad sellers like Magnite, Trade Desk, etc. But if you want to, for example, show an ad on Peacock, companies are increasingly buying that inventory from Roku because they provide more accurate ad performance metrics due to their 1st party data. Last thing I'll mention is that Apple's tracking restrictions are a net positive for Roku as well because it's driving advertisers away from FB marketing and more towards Search/CTV/Internet marketing. This is more of a long-term trend but we're already seeing a bit of it from reported earnings in Q4.
We're seeing ad buys increasingly pushed towards internet searches (Google, Amazon, MSFT to a certain extent) and CTV (Roku, FireTV, Tizen, etc). This is partially why Amazon and Google reported such strong advertising revenue. CTV ads in particular are starting to become more sophisticated with stronger targeting options, which enables those with large amounts of CTV inventory to protect that inventory better and sell them more efficiently.
First, it got the perception of being a lockdown stock only. Later in 2021, algorithms did a sector change and sold off tech (taking their profits). That resulted in selling and, eventually, panic-selling. The fact is, ROKU makes money by selling advertising and ROKU is the leader in CTV. So much so that Google's physical CTV's got pulled from shelves. ROKU is investing in original content and expanding their services, so they are forgoing some profit for growth. From a valuation standpoint, PE isn't a great metric for growth stocks -- P/S and EV/S are what I use. At 6.51 EV/s FWD, ROKU is very cheap. However, ROKU faces tough competition and whether it can continue to grow amidst competition and a non-locked down world is unknown.
I haven't done extensive dd on MGNI. It looks like a good acquisition and will fuel their growth to dominate the CTV ad space. It also looks like a lot of debt for them to take on, idk how they are planning to raise the money. Maybe it will hurt their SP short term but be good long term.
Google is not a competitor. Perion is an ad tech company that services search, social, and CTV, and they work directly with brands to advertise across all three pillars. As well, they have an ever growing walled garden of publisher partners (eg. Newsweek) that they control all ad traffic towards. As well, they have a growing SaaS platform which allows advertisers to use a single platform / source of truth to deliver ads across all social platforms (used by Disney, Havas, etc). This is just scratching the surface really, especially when considering that they have the first real solution to cookieless tech and the best ad AI available. I highly recommend digging into their services proper. All of their services are firing on all cylinders right now and their growth is rapid as a result.
Financials are getting better. APPS is more solid at this stage. But their market is very interesting. SSP platform plus CTV market is growing like hell. I like their SP ratio, looks like they are less overvalued than most growth stocks (were). Knew them when they were Rubicon Project, management team looks strong. Although I'm not sure if their agenda about recent drop in ad revenues due to pandemic is true. Google is not concerned about that at least. Hope support/bottom is close. I can wait for it to recover np, although wouldn't like this stock to become the next PLUG :)
Smart TV functionality is already embedded in all T Vs and yet Roku has maintained its leading marketshare. I think Roku can achieve tremendous growth even if it’s market share drops a bit because the overall pie continues to expand at a rapid rate. That said, I agree that there is risk since no-one really knows what the CTV market will look like in 5 years.
Seems fairly valued currently. Pros: Raised guidance (uncommon in de-spac world), CEO and other top execs have bought tons of shares both pre & post merger in the open market, ad-tech is a growing industry, price targets are well above current levels (between $10-$18). Cons: All ad-tech companies are currently unloved and valuations have been significantly compressed eg. TBLA, DMS, CTV, DSP. Somewhat worryingly, in their investor deck, they compare themselves to Viant (DSP) to signify that they are undervalued compared to them. However, they did that when DSP was at $15, it's currently at $8.71 so that comparison doesn't show much upside anymore https://twitter.com/sandiegosam/status/1473171645284032513?t=ost7UzyuFP5amyIdphZP8Q&s=19
Perion Network / $PERI is my pick. ​ \- Grows 40% YoY - Should continue a 30% average YoY growth for the next 4-5 years at that least. \- Very profitable with improving margins QoQ. \- Zero debt. \- \~$330M cash on hand. \- Currently valued at 1x guided 2022 sales (enterprise value) \- Top tier management that as a philosophy focused on over-delivering. \- They are masters at deploying innovative and effective high RIO ad systems and technologies. Very diversified range of products and services catering to every pillar of advertising--CTV, search, and social. I personally cannot find a better valued company than this.
$BOXD, $HGTY, $CTV, $PEAR, $SEAT, $VCSA, and $SSU's post-closing S-1s (incl. when applicable resale registration of PIPE shares, warrants, & shares underlying warrants) are effective today* *SEC Edgar was closed for NY, so there were no new filings this past Friday https://twitter.com/SPACtrack/status/1477976462192001025?t=vQHJQM3P13wutFARi9Mn9A&s=19
CTV news in Toronto reported 68% of all covid patients in the hospital had double doses compared to 28% who had taken no vaccine and 11% had 1 dose
CTV (ex IACB) was another 1/8 and it went nowhere.
CTV float likely around 5.7 million shares, see [explanation here](https://www.reddit.com/r/Spacstocks/comments/r5cpx4/iacb_shareholders_vote_to_approve_the_proposed/hmm4syf/?context=3). CDRO float likely in the neighborhood of 5 million shares, [explanation here](https://www.reddit.com/r/Spacstocks/comments/r5obzf/codere_online_completes_business_combination_with/hmotohm/?context=3).