RE:RE:2 Tech Stocks to BuySteamo wrote: I own both WELL and AT so I hope they're right.
Tough stocks to hold on to in this environment but I think patience will be rewarded in both cases. I got in early on these stocks and already cashed in a bunch so just playing with house money now.
At these valuations the upside is indeed huge and I don't want to miss out.
Yes it's difficult times indeed. 80% of the time we are in a bull market and so the other times we have to just suck it up.
The valuation is very attractive even though I think there will be headwinds in the advertising space. I believe the number of clients they will add to Illumin will more than offset the decline in adspend per client due to the economy.
The reason I like Acuityads:
1) they won't go bankrupt
2) they are holding an ace up their sleeves. 66% of their market cap is held in cash. As of the latest financial report they have $ 92.5m in cash and a market cap of only 139.5m.
3) Illumin is expected to be larger than 50% of their revenue over the next couple quarters and so growth from Illumin will more than offset the decline in legacy.
4) significant insider buying and shares being re-purchased by the company
5) they are trading at more attractive valuations than their competitors.