Unwarranted Decline? Both MDA and AcuityAds have been particularly weak in this crazy market. Is there anything new on either and when are the next quarterly reports available? Which would you prefer for growth, ignoring risk.
ATY/AT reports Oct 31 (estimated). There has been absolutely no news in nearly two months. Cash is now more than half its market cap. With recession worries investors of course are concerned about advertising spending, but that's all we can offer here. MDA is also estimated at Oct 31. It has made a recent asset sale and won some recent contracts. Debt is about 3.5X cash flow, but very solid earnings growth is expected in 2023. The backlog offers some comfort. Ignoring risk, AT/ATY likely has more potential. Its huge decline we think is simply unwarranted. (5iResearch)