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Introduction
Since the last article, 'TransUnion: A Great Business, But Quite Expensive' the stock was trading at $77.4 US per share. My thesis was simple - TransUnion (NYSE:TRU) had a great surrounding business model, but the big risk
TransUnion: The Market's Overreaction Offers Opportunity
Summary
- TransUnion's stock price has dropped significantly due to slowed lending in the economy, disappointing Q3 performance, and guidance revisions.
- Although the market's expectations of TransUnion are dim, I'm optimistic, believing the market recently oversold and currently the share price is reasonably cheap.
- In my last article, I wrote about TransUnion's good business model and growth opportunities - and with the recent selloff, there are finally potential buying opportunities for long-term investors.
Tian Li is a Canada based investor that focuses on under-covered equities with a value investing principle. Tian was first introduced to stocks at 13, when he invested all his savings into Berkshire Hathaway. In high school, he started a financial podcast, Tian Talks, where he has hosted guests such as legendary investors Jim Rogers, Rick Rule, and Howard Marks. Tian is currently a first year student pursuing a bachelor’s of commerce at Queen’s University, Kingston.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of TRU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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