RE:5 Beaten Down Names w Asymmetric Upside to Double in 2022...
i think you forgot one major part in your analysis of MTLO. Fundamentals must include growth, which is not happening at MTLO. There have been no new contracts or new customer news in months and months. Their miniscule growth is greater offset by the rapid decline in legacy and rising expenses. Ofcourse DEM is going to become 50%, 75% and eventually 100% when everything is sold off or diminished down to zero. DEM revenue does not need to grow in order to make it 100% of their revenue, everything else just needs to continue to decline, like it has been. A smoke and mirrors show with the sad state of their financials. It is very clear that the market has spoken, this is a product nobody demands or requires, and they went all in on this, they have their backs against the wall. Not only that, but there is so much competition in this space, backed by real money and real talent.