We had the opportunity to sell our Perion position this morning as the shares reacted to news of a $60 million buy back. Our sale price for $24.41. This netted $16,955. Owning Perion shares has been less than a pleasant experience. The shares are down more than 30% since we entered the position. We redeployed some of…
Confluent and Perion Yesterday two of our portfolio companies reported. One did well; the other result was a disappointment. At the moment, we are not taking any action on either stock in our high growth portfolio. That said, the forecast growth projected by Perion makes it difficult to hold in a high growth portfolio. On…
Summary Perion, an adtech company, has been accused of fraudulent practices by Spruce Point, but the allegations are largely unfounded, according to the author.Despite a slowdown in advertising spend, Perion has seen demand re-acceleration in its latest quarter and its shares have risen by 90% over the past year.The company’s valuation remains modest, and it…
We added 695 shares of Perion (PERI) to the high-growth model portfolio this morning at a price of $35.57. This cost $24, 730 and has taken our margin balance to $216,404, or about 28%at the value of the positions. Yesterday, we sold the remainder of our position in Trade Desk and I wanted to maintain…