Bloomberg article - Mobile ad prices up & demand extrememly robust
Millennial plans to release fourth-quarter results Feb. 19. Richard Fetyko, an analyst with Janney Montgomery Scott in New York, said in an interview today that mobile-ad prices grew by “double-digit” percentages in the fourth quarter and that demand hasn’t slackened this quarter, as it usually does.
“The feedback in terms of mobile ad budgets and spend trends in the fourth quarter was that it was extremely robust,” according to his discussions with mobile-ad exchanges and Millennial’s competitors, Fetyko said. He recommends buying the Baltimore-based company’s shares.
“It just sort of fits our thesis that 2013 is really shaping up to be the inflection point in the mobile advertising industry,” he said.
GOOG, FB and everyone reports strong mobile ad revenues. MM & VELT should have super strong earnings as well when they report their results. VELT needs to put out few good news after all the recent drop. This stock has been dead for months now. Can't rise even $0.25 ever in a day for so long which sxxks imho
This stock has been anything but dead - it has been a shorter's dream. Not sure I have ever seen a stock with progressively higher share price losses at 1 mth, 3 mths, 6 mths, 1 yr, 2 yr and 5 yr - we can talk about the future but that is the reality of what VELT has done for investors at present.