People have asked what I was doing about TTD. It’s hard for me to see how anyone could read the Conference Call prepared remarks and Q&A and sell out of TTD at this point. I would have added more if it wasn’t already over a 10% position (and if I had the cash available). But that’s just the way I see it, and I make mistakes, so make your own decisions.
Saul
It’s hard for me to see how anyone could read the Conference Call prepared remarks and Q&A and sell out of TTD at this point.
To back up what I just said I see that all six analysts who have weighed in today have seen it the same way I did, and raised their target prices:
“People have asked what I was doing about TTD. It’s hard for me to see how anyone could read the Conference Call prepared remarks and Q&A and sell out of TTD at this point. I would have added more if it wasn’t already over a 10% position (and if I had the cash available). But that’s just the way I see it, and I make mistakes, so make your own decisions.”
That was my struggle all night and this morning. I sold this . It may be a mistake, and if so, I will learn. I was quite impressed by the conference call transcript. They said all the right things. But I couldn’t get around the 20% drop in YOY Q1 revenue growth, despite that it was projected to be lower. 20% just seemed too much. The other was the disconnect I had or felt with Roku doing so well, and would suspect TTD should also given the CTV angle. Perhaps I will realize my mistake in the near future, and buy back in. I think in the very long run, TTD will be fine.
I used the funds from TTD to get into MDB and some Roku.
I agree with Saul and doubled down today.
An increase in annual guidance seems to me the height of confidence from companies which typically try to undersell and over-deliver.
Gordon
Here’s an Adweek article that gives a little more color from Jeff Green about the quarter and the overall business.
https://www.adweek.com/programmatic/the-trade-desks-ceo-is-k…
I appreciate the insight on Jeff greens shares he owns, that the 93K was his class A. Knowing he owns so much class B I don’t at all blame him for selling an 1/8th and getting paid for running a successful company.
I certainly learned the hard way in buying in before the earnings call. I do still believe in this company and loved listening to the earnings call so I also bought a few more shares after the drop. Unfortunately with buying in more at higher levels I’m only at a 10% gain now, when I was up nearly 40% before the earnings call. I definitely got too far ahead of myself but I hope I’m the mid term it will all even out again to some good gains.
“I certainly learned the hard way in buying in before the earnings call…”
If I was forced to make some sort of bet, I would’ve done the same. ROKU blew it out. I would’ve expected the same from TTD. Don’t feel bad…but still a lesson learned. ROKU and TTD are closely tied, so the truth is somewhere in between. ROKU went up like 28%, TTD down about 20%. The average comes out slightly positive.
“I’m only at a 10% gain now”
I’m underwater on this. It’s part of the “game” Don’t pin your hopes on just one stock. Spread them out, and not just in one sector.
DoesMIWork
I honestly am probably too spread out. As a member of everlasting portfolio, rising stars, market pass, stock advisor, rule breakers and blast off I am in too many companies. I don’t know weather to trim my larger holdings that are likely overvalued or completely sell out of my underperforming companies that are probably undervalued. TMF says to never sell but I want to have some in cash in case the market continues to fall as it has all month