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TTD STOCK WRITE UP

TTD (THE TRADE DESK) P/E: 54.58 GAAP DILUTED Y-O-Y EPS GROWTH LAST QUARTER: $.11 SECTOR: COMMERCIAL SERVICES ASSETS-LIABILITIES: 1.44 DIVIDEND: none The Trade Desk, or TTD, is an online advertising company. TTD also hosts an online advertising marketplace. The industry for this company is rapidly expanding, and it currently has the highest percentage of market share by a large margin. In the most recent quarter, TTD increased revenue 70% year-over-year. Operating expenses also grew across the board, as the company nearly doubled its spending on sales, marketing, technology and development (the company does not track R&D), general/administrative costs, and “platform operations,” bringing the gross margin down slightly. Prior to the implementation of GAAP, TTD posted a $.05 gain in EPS, and $.11 afterward. The company reduced its debt, and doubled its assets from the last comparable quarter. Most of the increase in assets is located in the co...