Last evening, Salesforce announced its acquisition of Mulesoft at a price of about $45/share. The price was a premium of almost 27% compared to the price of the shares before acquisition rumors began to circulate. The price is a premium of more than 90% when compared to the early February price for MULE shares, before…
We have added a position in VMW shares to our high growth portfolio. We entered the name at a price of $125.95 this past morning and we bought 143 shares. That reduces our cash position from $52,000 to $34,000, about 15% of the portfolio. We entered the name based on the combination of factors. One…
Oracle announced the results of its fiscal Q3 after the close on Monday. The results were not particularly prepossessing-in-line, in terms of revenues, a bit better than expected in terms of operating margins and better in terms of EPS because of lower tax rate accruals in light of the new tax reform. Underneath the covers,…
We are making two changes to the high growth portfolio this day. We are selling Red Hat shares at today’s opening price. This will raise about $22,000 in cash and will increase the cash balance in the portfolio to about $30,000. We are also selling 11% of all of the other portfolio holdings at the…
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I last had the occasion to write about Adobe on Seeking Alpha back at the end of September of 2017. It has been one of my favorite names for a while now. Simply put, dominating a space that the company basically helped to create, is one of the best ways for a business to thrive-Adobe…
A few days ago, Mongo reported the results of its quarter, just its 2nd as a public company. Given the environment, it wasn’t too surprising that the company achieved a decent upside in terms of revenue. Given the company’s strategy, the earnings upside was small. I wrote an article on this company back in January…
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Guidewire reported its quarterly earnings last evening. The results were another quarter which exceeded prior expectations substantially. Guidewire’s ability to forecast the results of its quarterly operations seems very challenged-almost every quarter recently has been marked by beats as Guidewire customers pay early and deals close sooner than had been expected. In the wake of…
Autodesk reported its earnings last evening. The headlines regarding the company’s performance are a bit confusing. The share price is spiking about 10% as this is written. What should subscribers do? Autodesk is not a component of our high-growth portfolio. We did, however, recommend the shares in the wake of the company’s last quarterly earnings…