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TLRA - The Rubicon Project Might Not Be As Cheap As It Seems
Telaria Inc.
The recent stock market turmoil has caused The Rubicon Project (RUBI) to drop a whopping 55% from its February 2020 highs. Naturally, after such a decline, bargain hunters might start looking into stocks. However, I believe that RUBI's forward results are likely to be severely impacted due to the ongoing slowdown. Thus, it seems to me that the stock remains relatively pricey despite its massive plunge. Nevertheless, I gather that at the current rate of decline, we'll see an excellent long-term buying opportunity in the coming months. But, for now, I recommend being patient.