Key insights
- The post expresses a bullish sentiment on ad-tech companies Magnite (MGNI) and Criteo (CRTO) based on their share buybacks, low valuations, strong free cash flow, and low debt. The author believes the increasing adoption of ad-supported streaming tiers will benefit Magnite. This suggests a slightly positive outlook for these specific stocks, but the overall impact on the broader US equity market is limited.
How does everyone feel about the ad-tech sector going forward?
Both of the above are buying back shares while trading at quite a low valuation with low peg ratios.
They are also each generating a ton of free cash flow with low pfcf ratios. CRTO basically has no debt and MGNI has been focused on paying down theirs.
Overall looking at purely fundamentals they seem solid. I believe we will keep seeing more ad supports tiers of different streaming and video software which is great for MGNI.
Hope this is a nice break from the usual tickers lol