Jeff Meyers of Cobia Capital has found an anomaly in the modern stock market: a company that’s growing revenues without sacrificing its profits.
Meyers told Real Vision’s Trade Ideas that he thinks the fast-growing software company, which brokers the placement of apps on smartphones, represents both a value play and a growth play.
As of last quarter, they had about a 13% EBITDA margin, which is up from basically zero last year. They are dedicated to leveraging their fixed costs, and they think they can get EBITDA margins 25% over a relatively short amount of