This morning we made some changes in our high growth portfolio, selling the balance of the Shift 4 position and adding to positions in Datadog, SentinelOne, Unity and GitLab. The details are as follows: We sold 500 shares of Shift4 at 104.29. This eliminated the position and raised $52,140. To reiterate, our sale was related to the appointment…
Pure Storage reported its results earlier this week. The results themselves were significantly better than the comp-any had previously forecast. And the company provided guidance that also was better than its cautionary comments 90+ days ago. But the reality is that most of the positive share price reaction of the shares was a function of…
As mentioned in the weekly commentary, this week is a busy one for earnings. The two most salient releases for subscribers were those of Zscaler and SentinelOne. Other earnings reports of interest included Salesforce, a modest sized holding in the income/stability portfolio as well as Okta. Of course Pure Storage, the largest position in the…
Shift4 Earlier today we sold a bit more than half our position Shift4. We have had a sizable position-1100 shares-and we were able to sell 600 shares before the price declined below our limit. The average price of our sale was $105.77, and the low price was $103.99. Today, the CEO of the company, Jared Isaacman, accepted…
I made some relatively small changes in the high growth portfolio. I eliminated the position in Bill-280 shares sold @ $90.29. Bill has appreciated since we entered the shares shortly before the company’s latest earnings release. The earnings that were released were strong; the guidance was, as usual, very cautious, and somewhat less than I might…
This week has seen earnings from several significant IT vendors. In general, earnings were strong-they exceeded expectations for both revenue growth and profitability. In particular, two of the constituents of the Ticker Target high growth portfolio, Snowflake and Global-e reported strong results, and subsequently the shares appreciated noticeably. Snowflake shares appreciated almost 33% on the…
Summary Unity Software is recommended as a speculative investment despite its past missteps, with new leadership aiming to revitalize the company and its offerings. The company’s “Grow” segment, which focuses on in-game advertising, has faced significant challenges but is undergoing a fundamental rebuild to enhance ROAS. Unity’s “Create” business has launched Unity 6 with substantial…
1) Pagaya I had the opportunity to speak to a couple of the Pagaya management team yesterday. Of course the principal issue that was discussed was the impairment charges. I will begin by discussing what went wrong. Needless to say, I have gotten many questions about Pagaya. Some have questioned the company’s legitimacy. Others want to…
Summary Confluent shares have surged 30% in the past month, driven by accelerating revenue growth and significant profitability improvements, making it an attractive buy despite past volatility. The company reported a 25% revenue increase, with cloud revenues growing by 42%, and raised its Q4 revenue forecast, indicating strong future performance. New product introductions, including Flink…
Pagaya shares have cratered this morning in the wake of a poorly received earnings report. The issue is and has been the fair value adjustment which was an elevated $70 million last quarter. This has spooked investors that Pagaya has underwritten loans to borrowers who aren’t repaying. Based on questions I have received, I know…