This morning the release of an exceptionally poor employment situations report has precipitated what I might call a “risk-off” panic. The Ticker Target High Growth portfolio is down 3.7% at this writing. Some constituents are down more, or course. That is about 2X the loss in the QQQ and 3X the loss in the S&P. …
Confluent has once again disappointed its shareholders, and that includes me, and after several quarters of what I would describe as proof of the company’s inability to monetize its technology, my patience is exhausted. For the second time in 18 months, the company described a usage optimization paradigm amongst its cloud native customers that is…
Sale of 150 shares of CyberArk (Entire Position); Purchase of 200 shares of Pagaya; Purchase of 200 shares of Rubrik; Purchase of 250 shares of Samsara; Purchase of 200 shares of Dynatrace; Purchase of 200 shares of Braze; Purchase of 50 shares of Atlassian; Purchase of 20 shares of Monday We have made some changes…
Summary Dell offers a GARP opportunity: strong AI server growth is leading to an acceleration in the company’s CAGR while the rest of the business remains reasonably stable. AI servers are now Dell’s key growth engine, with bookings and backlog surging, yet management’s guidance remains highly conservative, creating upside potential. Legacy businesses (PCs, storage, networking)…
Unity shares dipped this morning after their 27% rally the prior week. As mentioned in the commentary which should be received shortly, we have reevaluated our sale of Unity based on data from analysts about the early success of Vector. The data is quite encouraging and we decided to undo the sale, and expect to…
We made a change in the Income/Stability portfolio this morning. We eliminated the Cisco position. We eliminated the position because we wanted to buy more Dell, and didn’t want to increase the margin balance in this portfolio. There hasn’t been much in the way of news regarding Cisco. The shares have edged up by almost…
Pagaya preannounced a significant upside this morning on all guided metrics. Here are the KPIs that the company released: Pagaya 2nd quarter preliminary results Prior Guidance Expected results Network Volume $2.3-$2.5 billion $2.6 billion Total Revenue $290-$310 million $326 million GAAP Net Income $0-$10 million $17 million Est. non-GAAP EPS $0.57 $0.74 Adjusted EBITDA $75-$80…
Shares of Rubrik traded down a few percent this morning. The NAV of the portfolio rose because of spikes in Unity and of course Pagaya. This allowed us to buy another 100 shares of Rubrik at $83.41 without changing our overall net long percentage which remains 130%. The purchase cost $8350 and brought our margin balance to…
We sold 500 shares of Unity at a price of $33.59 today. The shares have risen by 36% month over the last month without any substantive news. Yesterday, the company made a filing that Stephens Investment Management had about 825k shares for about $16.2 million. I doubt that the filing has had much to do…
Summary Samsara’s valuation has compressed, profitability improved, and growth expectations are now more reasonable, making shares attractive for long-term investors. Recent product launches and the One Big Beautiful Bill act should accelerate customer adoption and drive sustained revenue growth above consensus estimates. The business model is showing strong margin expansion and cash flow improvements, with…