Saturday, November 10, 2018 7:17:43 AM
CPT is a for-real company that operates in exactly the same space as INUV. Acquiring INUV makes perfect sense for CPT.
CPT is winning awards left and right for its advertising work in areas related to INUV. They wouldn't be putting out sham buyout deals to prop up INUV PPS. These are not pinksheet scam companies.
CPT has done similar deals in the past -- it is a bit of a "roll-up" (a company growing through repeated acquisitions). Their books show $55M in assets -- though there is a lot of goodwill (due to being a roll-up).
The company, while private, has audited numbers for 2016 and 2017 that they have published on their website: https://ir.conversionpoint.com/. They had gross profits in 2017 of $12M, up more than tenfold from 2016. Their expenses are also growing, so that their earnings weren't all that large.
My takeaway is that this is a genuine company that is a good fit with INUV. Moreover, INUV it itself something of a roll-up, having been formed from 2 companies that I believe were also active on the acquisition side. It is in the company's DNA to do deals like this. And they had to do something, because INUV on its own was losing money and struggling to find capital to invest in its really, really cool software for advertisers. So, the deal makes a ton of sense for INUV as well as for CPT.
OK, I'm not going to argue that this values INUV at $2.25 or whatever they are claiming. But I think it is a steal at $1.15.
Wadi
I am obviously NOT an investment advisor.
Recent INUV News
- Inuvo to Present at the H.C. Wainwright 26th Annual Global Investment Conference on September 9th • GlobeNewswire Inc. • 08/29/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2024 09:17:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:31:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:30:21 PM
- Inuvo Reports 23.6% Year-Over-Year Revenue Growth to $35.2 Million for the First Half of 2024 • GlobeNewswire Inc. • 08/08/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 10:11:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 10:11:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 10:11:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 10:11:02 PM
- Inuvo to Host Second Quarter 2024 Financial Results Conference Call on Thursday, August 8th at 4:15 P.M. ET • GlobeNewswire Inc. • 08/01/2024 12:30:00 PM
- Inuvo Secures $10 Million Credit Line from SLR Digital Finance • GlobeNewswire Inc. • 07/31/2024 12:00:00 PM
- Inuvo Comments on Google’s Updated Plans for Third-Party Cookies • GlobeNewswire Inc. • 07/24/2024 12:31:36 PM
- Inuvo CEO to Participate in Fireside Chat at the Maxim Group TMT Conference on June 5, 2024 • GlobeNewswire Inc. • 05/31/2024 12:30:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/07/2024 09:19:44 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/07/2024 09:07:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 09:07:17 PM
- Inuvo Reports 44% Year-Over-Year Revenue Growth to $17.0 Million for the First Quarter of 2024 • GlobeNewswire Inc. • 05/07/2024 08:05:00 PM
- Inuvo to Host First Quarter 2024 Financial Results Conference Call on Tuesday, May 7th at 4:15 P.M. ET • GlobeNewswire Inc. • 05/01/2024 12:30:03 PM
- Inuvo Announces Enhancements to its Audience Discovery Portal • GlobeNewswire Inc. • 04/30/2024 12:30:00 PM
- Inuvo Launches Enhanced IntentKey Insights Dashboard • GlobeNewswire Inc. • 03/19/2024 12:30:00 PM
- Inuvo to Present at the iAccess Alpha Buyside Best Ideas Spring Conference 2024 on March 12 • GlobeNewswire Inc. • 03/08/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:29:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:29:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:29:34 PM
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