On the Palmieri conference calls, analysts asked managment what they thought the patents were worth and what were their plans if any to monetize them, and they did not have even a tentative answer. It was basically "we've got assets, and they're worth some unknown amount of money".
Same goes for the value of the cross screen profiles. Supposedly valuable but no idea what the value is.
Not a confidence builder.
AAPL is a gigantic carrier battle group. MM is fighting for scraps in a highly competitive, margin-pressured business. No comparison in business, therefore no comparison in valuation. P/E is not something that exists in a vacuum.
Exactly. Completely irresponsible of current (and prior) management to reward themselves like this while publicly held shares are a trainwreck.
Look for the former employee review titled “Slightly better than working retail” ... not encouraging.
It will however go over your head if you don't know how to sniff out the BS in corporate-speak PR.
Rookie mistake - trampling each other to try to get out the door first and go shopping with their new millions. Calm down and get back to work and grow the user base, and come back in a few quarters and sell your shares a lot higher, dudes.
New CEO's kitchen-sinking their first quarter on the job is typical. BUT ... the leap of "logic" that "the sky is not falling" does not follow from that. MM could very well be on their way to failing long term.
No doubts, huh. All of the possibilities in front of them depend, as they have so far, on *EXECUTION* .... or lack thereof.
Go read the negative reviews on Glassdoor from ex engineers. The market for software engineers is red hot, and top talent has their pick of jobs. MM does not in any way sound from the Glassdoor reviews like somewhere a highly talented engineer would go to further their career.
It's not a bunch of buzzword-spewing B-school frat brats in the C suite that is going to make the vital integrations happen - it's the tech folks working with the code and data assets.
"Will double or triple" - you say that based on what?!?!?!?
They are going to spend $25M of that on capex and they essentially admitted that they have not figured out how to integrate their existing assets into a profit machine.
They are apparently building a datacenter, and they're expanding in Baltimore - neither of those things sound like a good use of capital. Why would they not just deploy to the cloud and scale costs with growth? Why would they not open an engineering office in a tech hub like say Raleigh if they want to keep it close to HQ, or the valley if they want top talent?
This stock will not break out long term if we don't get an end to all the tap dancing and flailing on conference calls, and have that replaced with real execution on integration and growth.
The cc was not encouraging:
1) No confidence builders that they know how to integrate the pieces they have.
2) Doubling down on Baltimore. Baltimore?!?! How do you convince top notch talent to move to Baltimore?
3) No idea on if/when/how to monetize cross device profiles, in spite of saying that they are really valuable and differentiating for the company.
4) No update on any plans to monetize IP from their patent portfolio, in spite of talking that up as an asset as well.
Again, JT shareholders are *NOT* long MM at the price the public was paying for MM at the time of the acquisition. The JT acquisition was the exit for JT VC's. Their cost basis is somewhere well below here. JT VC's did this deal because they were having problems taking JT public to exit that way.
Not lookin' good. Even if the story were good long term, there is massive technical damage going on, and we still have 2/3 of the JT lockup to go.
What. Are you. Even. Talking about.
This company has gapped down on disappointing conference calls for 4 out of the last 5 quarters.
That's called a pattern. That's called being a serial disappointer. That's called giving the impression that you can't execute to a plan. That's called not giving the street a good reason to trust you.
On the other hand, it was a dilutive acquisition, hence the before-and-after price movement on the JT announcement.
And, MM does not have a monopoly on RTB.
Both points worth considering.