Numbers are just too good with this company and the dip offers a good entry point.
Trade Desk is not the biggest player in this sector, it has competitors like Google and Amazon.
However the business model is good, they offer a cheaper and more effective solution for small/medium businesses to deliver advertising (65% of trade desk customers have less than a 100 employees) + they own the rights on different algorithms.
Like most software companies Trade Desk has an amazing 80% gross margin + increasing free cash flow YoY.
The whole sector is growing very fast (especially outside USA).
The stock is not as cheap as I wanted to be, but if we consider the growth I am willing to pay a premium price.
Growth is slowing, I know, but we are still talking about a +20% revenue increase QoQ.
To be honest the price was just too high when it was trading over a 100$ per share, now that the optimism has faded it's time for me to enter.
Remember to buy when there is blood on the streets, not when everyone is hyped for a stock.
