After an epic rally came an equally epic crash. We think this is overdone in both directions, with the shares now attractively priced. While it’s hardly news that the company faces risk from competition, we think its ad platform is already something of a self-propelling force. We also think the risks have already been priced […]
December 26th, 2018 · Comments Off on Roku Crashed, Now What?
August 19th, 2018 · Comments Off on SHU Portfolio: Roku Rockets
The company had another fantastic quarter driven in equal measure by platform active user growth and ARPU growth. The tailwinds of shifting towards OTT will be blowing for years to come. We think the shares will continue to rocket as long as the competition doesn’t make any serious inroads into their platform growth, especially their […]
June 15th, 2018 · Comments Off on Roku Powers Ahead
Multiple tailwinds are blowing in favor of Roku, like cord cutting, advertisers following viewers to OTT and TV brands giving up on their own platforms. Its asset light platform business is the market leader and well positioned, but there is little stickiness and future success isn’t guaranteed. Its platform revenues grow at triple digits, producing […]