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Breaking Down Acadia Results, Another Look A Roku
The market roller coaster ride continues, with the S&P 500 giving back the better part of yesterday gains falling by 1.25 percent, and closing right at a prior support level of 2746. It didn’t take long for inflation jitters to return to the market either, on Jay Powell’s testimony before Congress.
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10-year Treasury yield moved up slightly, closing around 2.91, but did not eclipse the previous highs.
The Dollar index rallied back to 90.50.
Nothing today that happened in the market seemed overly concerning in my opinion, and while yields were up slightly the movement was nothing to get excited about and the same could be said of the dollar.
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Roku
Roku’s borrow rate continues to surge, and today it was a negative 53 percent. That is a considerable borrow rate, and it is likely short-seller are continuing to increase their position in the stock.
(Interactive Brokers)
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Acadia
Acadia reported results after the bell and the revenue numbers for the quarter were a bit light, and it was disappointing to see them miss. The guidance for the first quarter was also a bit below consensus, but the full-year guidance of $255 to $270 million was well above the range. Sequentially, the revenue numbers increased by 21 percent, but at this point, it seems to be getting a bit cloudy as to how much of this growth is coming from volume uptake, and how much is coming from price increases.
But the growth rates have been pretty linear to this point, and if growth continues at this pace, the guidance the company provided for 2018, seems relatively achievable. We’ll have to see how the stock reacts in the morning during regular trading. After hours volume was only 90,000 shares, which is a minimal amount volume.
I did listen to the call, and I picked up on a few interesting comments, but I want to reread it when it becomes available, to see if I walk away with the same impression.
That is gonna be it for today, sorry to cut it short, but it has been a busy day, and I’m wiped out.
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Michael Kramer and the Clients of Mott Capital own shares of ACAD
Mott Capital Management, LLCÂ is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future.
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This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.
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