Jim Cramer on MNTN, Inc.: “I Don’t Mind It”

MNTN, Inc. (NYSE:MNTN) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. Answering a caller’s query about the stock, Cramer said:

Look, I’ve looked into this thing. I think it’s actually valuable property, but I’ve been dead wrong on it. So you can just say to me, oh my god, Cramer’s doubling down. He’s been dead wrong. I thought there was value here, and it’s a profitable company. What can I say? I don’t mind it.

A stock market graph. Photo by energepic.com

MNTN, Inc. (NYSE:MNTN) provides a technology platform that simplifies performance marketing on Connected TV. The company’s tools enable brands to run TV ads efficiently and drive measurable conversions, revenue, and engagement. During the lightning round of the January 14 episode, a caller inquired about the stock, and in response, Cramer commented:

I initially said it was good, then… was able to retract that, thank heavens. This stock is just awful. I cannot believe. I mean, they gotta make… They have to make money, or else it won’t turn around. It came public at a very exciting time, and it is going lower without earnings per share.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.