Emily Flippen

In 2012, was that the Quickster days?

The stock was actually down over 80%.

Are we going to look back at this time as, you know what, the market was overreacting and this is when you want to be aggressive on a company like Netflix?

They undid that.

Am I remembering that correctly?

The trade desk's compound annual growth rate over the past decade is 39%, and the stock is down 78%.

That just seems crazy.

It seems like the market is pricing this as if there's major disruption.

Is that the way that it seems like the market is thinking right now, Emily?

All right, Lou, what is the next stock on this list of dumpster diving SaaS stocks that you're interested in?

What are you worried about when you look at earnings?

I mean, the stock is expensive.

Enterprise value to sales is 19, but it has been significantly higher than that in the past.

This is one that I've owned for, I think, over a decade at this point.

And you're right.

It has just been compounding like crazy.

But what are the reasons for concern at this point?

Emily, what do you have next?

Do you think Toast is the kind of company where you just want to own a niche and that's the value?

Because some of these tech companies we're talking about, they could do anything.