FB - Tremor International: Bad News Overstressed Company Is Aggressively Repurchasing Shares
Investment Thesis
The investment case in Tremor International (TTTPF) (listed on the London Stock Exchange - AIM:TRMR) is based on incredible mispricing that only exists when gloomy outlook and negative news flow are at their peak. Investors' rational thinking seems to be compromised by emotional quotient ('EQ'). As a result, we believe only a few investors can make cognizant investment decisions. In our opinion, Tremor's negative news flow is preventing investors from recognizing its value.
We believe, given Tremor’s pristine balance sheet, which has ample room for growth in revenue and margin, coupled