Today’s Stock: The Trade Desk, Inc. (TTD)Today’s Stock: The Trade Desk, Inc. (TTD)
The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company offers a self-service cloud-based ad-buying platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices. It provides data and other value-added services.
My Thoughts 💭My Thoughts 💭
Another stock that is apart of my experiment I don’t know much about this company just been DCA’ing due to Motley Fool telling me so.
At 37.1k sats per share ($84,052), and no dividend. One must ask will this growth stock grow faster than bitcoin which is projected to grow 50% to 70%? I don’t think so! While 37k sats is cheap I don’t think investors are getting much value here.
The company trades at a PE 35 which means investors are paying $35 to access $1 of earnings. Expensive stock. This company must have a strong balance sheet and good growth potential to pay this premium.
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The fundamentals of this company are okay. The balance sheet is perfect, Decent growth projections, but rising operating costs with revenue. I can understand why the market is wanting a premium to own this company.
From a bitcoin lens I would pass on this stock. Being in advertisement business with major players like meta is really tough. Plus what will be worth more in 20 years. 37k sats or a share of TTD?
Since I been buying this stock the performance has been terrible:
Here is the performance according to Simply Wall Street
Throw this business with ADOBE and ACN. Decent companies with great balance sheets and good revenues but fail to catch a bid! Being down -53% over a 5 year period is down right depressing.
A few months ago meta stopped supporting them in something and the stock tanked on that news thus tells me this company may be dead from a growth perspective. Plus with AI coming with ads this company could be obsolete.
Yet I will still buy shares just to prove the point that bitcoin is a better savings option than taking risky investments with companies that have decent fundamentals.
Haven't looked at that stock in year. Used to own it for awhile. Wow it has dropped a lot.
Indeed it has haha