Aug 19, 2023
Happy Saturday! Here are the top questions from Ask Titan Anything this week. As always, reach out to us if you have any questions.
Q: How much of our cash are we prepared to deploy during this pullback/consolidation phase?
We're actively monitoring the recent market pullback and will be opportunistic where appropriate. With a new quarters worth of data, we're digging back into some of our key debates on names in our watchlist and if we believe the risk/reward paradigm to be compelling, may be aggressive in allocating some of our strategic cash.
Q: Do you plan to add more alt-coins to Titan Crypto?
As it stands today we do not have any near-term plans of reintroducing alt-coins to the portfolio. After immense volatility in the crypto markets, we believe the 1:1 structure of Bitcoin to Ethereum provides the most cost-effective and tax-efficient exposure to the asset class while mitigating the additional risks and costs associated with many other crypto assets.
Q: Atlassian (TEAM) was at record highs a little over 2 years ago, but is down 40% since then. It seems like a promising stock, what is your outlook?
Atlassian has certainly struggled as a result of a more difficult economic environment but it seems like they're still putting up impressive quarters amidst a tough backdrop. The stock isn't cheap, trading at 105 times trailing earnings today but t's hard to argue with Atlassian's sales growth. This falls squarely in the 'growth' bucket and is the type of company that appears to be more interesting as there is more clarity surrounding outlooks moving forward.
At the time of this writing, BTC and ETH are holdings in Titan Crypto.
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