An old Motley Fool toutI’m interested to know what Sherlock Gumshoe or other readers think of Magnite (MGNI) – a previous mf recommendation I believe at one point, though I don’t know when or for which service.
Now that they have declined somewhat over the year, slightly missed projected targets this quarter but still with extreme consistent revenue growth over 100% and move into profitability. Is this now a compelling buy or am I missing something?
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
I am up 97% since the initial recommendation. It has dropped 60% from its high, and it is a cheap stock. As with any Fool investment, you need to hold it through thick and thin. It is a long-term investment, that is one sale right now, and through acquisitions, it is in a very good space. If you are willing to hang in there for over 6 months, I think you will do very well. This could easily see a 200% increase in the next year.