Aug. 12 at 1:43 PM
$TTGT headed towards that
$2 level pretty quickly. Revenue declining with margin compressing even faster - this is a seasonal business with a Q1 low, so them highlighting sequential growth into Q2 is them literally trying to trick investors like some sort of penny stock scam
The Informa business is the real issue dragging legacy TTGT down, and of course it is all Informa management there now applying worst practices to TTGT. They are accelerating 'synergies' while their EBITDA targets are missed, suggesting their cost cutting efforts are backfiring on them and yet they are proud of it
The
$85M EBITDA target seems a bit like a joke - it implies ATH results from both the Informa business and TTGT in 2H. If they come in at a more probably
$50M we are looking at a valuation of ~
$1 at ~2x EBITDA. Run for your lives
