The Trade Desk: Premium Valuation Meets Deteriorating Performance (NASDAQ:TTD)

The Trade Desk's ( TTD ) share price remains under pressure and is now down over 70% from its all-time highs. This includes a more than 16% drop after the company gave weak guidance in its Q4 earnings, althoughRichard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted returns can be achieved by identifying businesses with secular growth opportuni ...