Whale Rock’s Investment in Mongo DB, New Relic sells $500 million of convertible debt; Alteryx sells $200 million, Symantec clarifies some of its problems MongoDB The other day Whale Rock, a large Boston based hedge fund announced that it had acquired a further 1.3 million share position in MongoDB, bringing its total holding to almost…
Ubiquiti’s Earnings Release; Twilio convertible note offering Twilio Twilio announced this morning that it will be offering an aggregate of $500 million of convertible notes to institutional investors. While the notes haven’t been priced; it is reasonable to believe that they will bear interest at a rate of 0.5% or less and the shares will…
There is a famous story about Benjamin Franklin and the framing of the constitution. Dr. Franklin was the oldest and perhaps the most widely accomplished delegate to the Constitutional Convention of 1787. Dr. Franklin was quite feeble by then (He was 81, a great age for most individuals in the 18th century and he could…
The stock market can be a hard mistress. She certainly isn’t very faithful and often wanders off to “blow on some other guy’s dice.” She can reward failure and look grudgingly at success. Sometimes she needs very strong eye-glasses; at other times those eyeglasses seem to produce senseless and kaleidoscopic patterns, not easily decipherable. And…
This week is the height of earnings season. Many companies that we follow are reporting. We try to comment on those that are of particular interest, but it often times turns out to be impossible. Twilio: Twilio reported last evening. One brokerage puts out a report with a caption, “All you need to know.” In…
A few months ago, our high-growth portfolio included a position in Impinj (PI) shares. It wasn’t our best bet of 2017-it probably was our worst portfolio decision, overall. The shares got to $60 at the height of a speculative spike, but even disregarding fevered speculation about a possible relationship with Amazon which never has materialized,…
Cognizant reported the results of its fiscal Q1 early yesterday. The results were not well received, and the shares declined by a bit more than 5% in Monday’s trading. That left the shares up by just about 13% over the past 8+ months, one of the poorer performances in our overall portfolio and below the…
Earlier today, Shopify and Commvault reported the results of their March ending quarters. Shopify shares declined a little more than 4% and Commvault shares loss 3.6%. The SHOP performance is a bit more puzzling, perhaps, than Commvault’s share price pull back. I will briefly cover both earnings below for subscribers. Shopify We owned Shopify shares…