Investment research was identified, but its instrument is not eligible for priced Calls.
Unpriced research observations (excluded from Calls and Returns):
MAX — LONG The author owns MediaAlpha and notes it jumped 15% after beating earnings, finishing the regular session at $7.77 with GAAP EPS of 50 cents and trading at $9.00 after hours. He argues the multiple would be only 4.5x if that EPS is sustained, on $1.2 billion of revenue mostly from P&C insurance ad services. Catalysts cited are the doubling of the stock buyback to $100 million and White Mountains' $140 million stake in MAX. No specific risk is stated beyond the conditional nature of the EPS. Instrument validation: The original thesis refers to a company/equity, but an existing same-symbol crypto record was selected; exact equity identity requires resolution.
I own MAX (not TTD) but no one knows MAX. $1.2 billion revenue in mostly P&C insurance ad services.