Adaptive Ad Systems: A Profitable Microcap Trading Below Net Cash
7 months ago
Elias’ Investing Journal
"AATV (overview): $9M market cap with $12.7M net cash, $2M+ hidden real estate, profitable 10 straight years. Operates TV ad insertion business (25% margins in election years). Red flags: CEO controls voting rights, questionable related-party transactions, management with SEC troubles. Trading at 50% discount to $18M NAV."
Sentiment
neutral
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
Adaptive Ad Systems: A Profitable Microcap Trading Below Net Cash
Source:
Elias’ Investing Journal
Published:
May 10, 2025
Idea Type:
Stock Idea