Jim Cramer on MNTN: "It May Be a Good Story Here"

MNTN, Inc. (NYSE:MNTN) is one of the stocks Jim Cramer shared his take on. A caller expressed that they are unsure whether they should add to their position in the stock, and Cramer replied:

“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.”

MNTN, Inc. (NYSE:MNTN) provides a self-serve platform for performance marketing on Connected TV. The company enables brands to run ads with the ease of digital channels and drive measurable outcomes like conversions, revenue, and site traffic. During the September 18 episode, Cramer mentioned that he did not like the company’s recent quarter and added that “we have to see another quarter.” He commented:

“Well, okay, here’s what happened with Mountain. I mean, the stock took off like a, you know, just, just like a, a giant, colossus, and then it reported a quarter, and the quarter wasn’t that great. Now, we have to see another quarter because that was really a suboptimal situation. I’m not going to back it… I mean, honestly, I thought it was going to be a good quarter. I want to back it. I love the business. I just need a good number.”

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