Q: Hi Team,
I currently hold a position in TTD in which today I am up a total of 204% on the position. I was debating trimming some of this TTD and adding to my LMN position within my tfsa. Would this be an advisable move? The weightings on each holding are of similar size. I am aiming to hold both long term (10yrs plus). Which do you see as having the most potential in this time frame? Thanks
Shane.
I currently hold a position in TTD in which today I am up a total of 204% on the position. I was debating trimming some of this TTD and adding to my LMN position within my tfsa. Would this be an advisable move? The weightings on each holding are of similar size. I am aiming to hold both long term (10yrs plus). Which do you see as having the most potential in this time frame? Thanks
Shane.
5i Research Answer:
This is a tough one; TTD is significantly larger, but very expensive. But it has executed so well and is the leader in its space (programmatic advertising). Management is solid, it has cash, and could do well as advertising growth returns. LMN we like a lot, and its much much smaller size likely gives it more upside leverage, as even mid-sized acquisitions could have a significant influence on its overall results. It plans a multi-year acquisition strategy and, so far, so good.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in TTD.