Jim Cramer on MNTN: “I’m Sticking By It”

MNTN, Inc. (NYSE:MNTN) is one of the stocks Jim Cramer was recently asked about. Noting that it has been a “loser” in their portfolio, a caller asked whether to buy, sell, or hold the stock. In response, Cramer said:

“You know, I looked at MNTN even for my wife’s mezcal… I think it’s such a good bargain. I don’t know. I like the stock at $20, so I can’t tell you at $15 that I don’t like it. I’ve been wrong on MNTN, but I think it’s a good company. I’m sticking by it.”

A stock market data. Photo by Alesia Kozik on Pexels

MNTN, Inc. (NYSE:MNTN) provides a platform that brings performance marketing to Connected TV, making it simple for brands to run and track TV ads. A caller asked for Cramer’s advice on the company’s stock during the September 26 episode and he responded:

“I’ve looked at Mountain, MNTN. It did not have, the last quarter wasn’t good, but you know what? The product is really good, and the opportunities for them to be able to attract very good small, medium-sized advertisers make me inclined to like the stock here. And when I saw it all the way down here, I said maybe I should gear up. It may be a good story here. It’s a good company.”

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Disclosure: None. This article is originally published at Insider Monkey.