Perion Network: 3.7x EV/EBITDA, Good Management and a Catalyst
OVERVIEW
Trading at only 3.7x 2012E EBITDA and 5.8x 2012E Net Income, Perion Network Ltd (NASDAQ:PERI) (“PERI” or the “Company”) is a misunderstood, underfollowed company whose stock has declined in large part due to steps intentionally taken by a new CEO when he arrived in the summer of 2010. These steps created some short term pain but have successfully positioned the company for long-term, profitable growth. The company is now beginning to benefit from these . . .
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