I was looking at Atlantic Power (NYSE: AT, TSX: ATP) but accidentally typed in AT on the TSX, which is AcuityAds (TSX: AT). I saw the following chart:
They have nearly quadrupled their market value in about three months.
This got my interest (considering I’ve made the same error before in typing in the ticker, I generally saw a flat chart before). I didn’t see anything relevant in the financial statements – it was pretty sedated although they’ve been reasonably decent on cost controls from the first half of 2019 to 2020. I also tried to see why they spiked in July, but couldn’t find anything of relevance other than a remarkably increased amount of receivables collection in the first half, to the tune of about $6 million free cash flow.
Is this worth a market capitalization of $200 million? I don’t know much about exactly what they do (a bunch of fancy sounding names for using software to optimize advertising campaigns) but whoever invested in them during the Covid crisis will have made out very well.
Baby TTD check their chart
[…] has been Atlantic Power (TSX: ATP, NYSE: AT – note you would have done much better had you invested in AT on the TSX!). My original write-up on Atlantic Power was in July of 2018. I’ve owned the common and […]
[…] gave some brief thoughts back in October, questioning the $200 million market capitalization, but fast forward a couple months and look what […]