This stock offers limited prospects: Boat Rocker Media

Article Excerpt

You should remain wary of stocks that attract broker/media attention because of high-profile products or services, and their business models. Here’s a closer look at one stock with risks that prospective investors should take into consideration: BOAT ROCKER MEDIA INC., $0.93, (Toronto symbol BRMI; TSINetwork Rating: Speculative) (boatrocker.com; Shares o/s: 32.9 million; Market cap: $53.6 million; No dividends paid) creates, develops, produces, and distributes scripted, unscripted and animated television content around the world. The company also provides brand and management services to actors, actresses, and other creative talents. In the three months ended March 31, 2024, Boat Rocker’s revenue fell 35.7%, to $51.3 million from $79.8 million a year earlier. The decrease was largely owing to the variance in scripted series deliveries between the two periods. The company lost $2.5 million, or $0.07 a share, in the latest quarter, compared to the year-earlier loss of $9.5 million, or $0.20. Boat Rocker’s outlook is uncertain. The advertising cycle recession continues, while content buyers keep reining in spending…