Making his debut on Real Vision’s Trade Ideas, Cobia Capital’s Jeff Meyers brought an undervalued affiliate marketer to the table.
XLMedia (XLM.LN)(XLMDF) is an affiliate marketer which started in the online gambling universe, acquiring customers for companies like Unibet and Betfair.
Meyers said the company has had “a tough time” over the past couple of years, dealing with changing regulations in the sector. Additionally, it has pulled back the media side of its business as it was not very profitable.
As a result, XLMedia is trading at just three times EBITDA. “If you bought the