Member Info for gdog

Nully,

I got the gist of it, but thanks for the clarification. Two countries separated by a common language.

Tough,

I'd be really bummed about the rise in the share price if I was in your shoes.

One never knows; you may get a chance to get in at a lower level. Or not.

Tricky,

I own stock in 11 ad tech companies. The share price of the stocks in every one of them have been "creeping up".

A few of them are still quite cheap on a fundamentals basis. The relatively least expensive are TRMR and PERI, which are by far my biggest positions of the 11.

Information Regarding Covered Officers(1)

Ofer Druker, Chief Executive Officer $ 18,628,505
Yaniv Carmi, Chief Operating Officer $ 8,979,660
Sagi Niri, Chief Financial Officer $ 7,140,613
Anthony Flaccavento, Tremor Chief Revenue Officer $ 1,934,155
Steve Sottile, Steven, Unruly Chief Revenue Officer $ 1,732,954

We paid Drucker $18,628,505 last year in total compensation.

"That's a lot of nickels", as the saying over here goes.

I do not believe we're getting our Money's worth.

Rusty....HA,

When I saw that RNS early this morning (my time) I said to myself "you need to look up the restrictions placed on the RSUs". I was initially looking to see if they were PSUs. That would have been a real head scratcher.

Tricky,

Agreed.

It's a back door method to pay these guys Money they have yet to earn. The pay package is absurd and an insult to shareholders.

SNN,

We do not like our high growth companies in competitive sectors to pay a dividend. We much prefer those companies deploy the cash in an attempt to take share from the competition. It's all about a land grab for us.

Tricky,

We have a tax treaty with Israel. The tax Israel takes is credited against the tax obligation of the shareholder to the US Department of Treasury (also known as the insidious, corrupt, political and evil IRS).

Today's price action is inexplicable...if I were to bet as to why, I'd bet we're getting pounded by the shorts.

The market is wrong.

TRMR longs are right.

Period. End of story.

Hey PhilConners,

What's up, bro?

Did you nibble any PUBM? They release on 28 Feb, and I am betting it's going to be good.

I

Then again, SNN has a point.

TTD is way overpriced relative to TRMR. But their growth rate has been spectacular.

If Ofer et al. grow the eff out of this company, I'll gladly pay them what they deserve. The point I was trying to make was the fact that Ofer is very proud of Ofer. He granted himself that package before he earned it, or so I believe.

Radium,

Jeff Green is another over paid CEO, but to compare him to the pigs that run TRMR is a stretch. Green "earned" his share based compensation before he granted it to himself. He founded the company in 2009. He's worked his ass off for the past 13 years at TTD, and didn't grant himself the obscene pay packages until after TTD "made it".

Drucker's been CEO for less than 3 years, and he granted himself and his pals the obscene pay package before they "made it". Since they granted it to themselves, the share price has dropped by what, 30%? Something like that.

SNN,

I listened to the 16 November call again when, Ofer addressed questions about the slowdown in CTV growth. He said it was due to seasonality (ca 36 minutes in) and then addressed the loss and lawsuit of Alphonso starting at ca 39:20 in, when he said it was "not meaningful" from an income standpoint. (I was curious, obviously.)

It looks like Putin may rain on our parade tomorrow.

SNN,

I am betting heavily (for me) you are right.

I thought the loss of LG was not material? Perhaps I am thinking about another call from another company. So may companies, so little time. I really do have trouble keeping them straight, once in a while (too often) I conflate them.

BTW2, SNN,

I keep telling friends and family I've invested in PERI and TRMR "the market is wrong, I am right" when it comes to the market's relative valuation of PERI and TRMR.

I've been saying that for the past two years. I will have a lot of egg on my face if I prove to be wrong about this, which I seriously doubt...so far so good.

I also started to tell them, within the past two weeks, that MGNI is now fairly valued. I was calling it "insane" when it was in the 60s. So why didn't I sell more when it was a lot more expensive? To be honest, I had already taken a pile off the table, also a bit of FOMO, and I wasn't at all sure which way things were headed. I am still not entirely sure which way things are headed, but feel more confident in PERI after the last call, and hopefully I'll feel the same about TRMR tomorrow after 07:00hr my time.

The lack of sequential growth in CTV from Q2 to Q3 has me a bit concerned about TRMR. I pray to Money those concerns are laid to rest tomorrow.

I won't stay up for the results, but I'll wake up from time to time during the night, and check on the results, then get up in time for the call, which typically starts at 06:00hr my time.

BTW, SNN,

I agree with you about the model being questionable. That's why I placed most of my marbles into PERI and TRMR.

SNN,

The proof of the pudding is in the eating. During 2019 I sold over 30,000 shares of MGNI, from $7 to 18.50ish. I used the funds to buy PERI and TRMR. I owned MGNI in the mid-$3 area. What MGNI I now own are free and clear, plus $105K cash.

I bought 3,839 ADS units in TRMR today and yesterday. I can now say I own some ADS units in the upper 12s.

The proof of the pudding is in the eating.