When the CEO of the troubled company says things are turning around, it's a good idea

to ask, how quickly, monthly full of money starts now.

I'm Purcell joining me today, our man in Colorado, Tim Buyers.

Good to see you.

Good to see you too, buddy, fully caffeinated, almost ready to go.

You're going to need that caffeine because we're going to start with Roku, which is a business

and a stock that could use some caffeine of its own.

Third quarter revenue was higher than expected for Roku, but the guidance for the fourth

quarter has the stock down more than 12% this morning.

And if you're looking for silver linings, Tim, I guess it's that overnight it was worse.

Our night shares of Roku were down close to 20%.

So we're seeing a little bit of moderation there with the stock today.

What do you see when you look at Roku's business right now?

Well they're getting hit by advertising, Chris.

The softening in demand for advertising that we've all been expecting is hitting them

particularly hard.

And as they estimated for their holiday quarter, they came in at a number that is much

lower than the street expected.

So for their upcoming quarter, they guided to $800 million in revenue and the consensus

according to what I see in S&P Capital IQ is almost $895 million.

That is way, way short.

And what Anthony Wood, the founder, said is that advertisers are cutting spending across

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