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…
The commentary that we are in the process of publishing suggested that I would take some steps to retain the net long exposure at or slightly above 135%. It fell a bit last week because of the increase in the NAV of the portfolio. So, to keep the net long exposure consistent, I have added…
Summary Xometry, an AI-enabled B2B marketplace for manufacturing procurement, offers a significant growth runway and a well-defined path to non-GAAP profitability and free cash flow generation. The company’s use of AI for optimized matching and instant quotes creates a competitive moat, driving substantial revenue growth from existing customers. Despite a conservative guidance approach, Xometry’s valuation…
I realize that most subscribers do not follow the Income/Stability portfolio that we publish. I have some long time investment advisory clients who want dividend paying stocks-although getting much of a yield from decent information technology companies is not anything that can be reasonably achieved. I do keep up with the companies in this portfolio…
We made two changes in the high growth portfolio today. We sold 250 shares of Procore, our entire position at $68.49. This raised $17,110. We were surprised that the shares jumped significantly after the quarterly earnings report. While the quarter was significantly better than the company’s prior projections, its guidance was not. In particular, we…
Summary Bill Holdings is forecasted to return to 20%+ revenue growth, driven by effective sales execution, new partnerships, and growing acceptance of its platform. The company’s CEO and COO have made significant open market purchases, signaling strong confidence in the growth thesis. Despite conservative revenue forecasts, Bill’s current valuation and macroeconomic tailwinds present a compelling…
1) Pure Storage: Pure finished Tuesday down 7.7%. At this point, there is nothing published to account for the rather noticeable share price reaction today. I have looked for something on a variety of sources including Briefing, and Bloomberg without seeing anything-either positive or negative. Last week shares of Pure, as were called out in our…
A few stocks in the high growth portfolio were moving today based on some specific news developments. We aren’t going to make any changes to the portfolio: we are already positioned properly. I believe for what is apparently happening: 1) SentinelOne The company held its first-ever investor day on Wednesday. I listened to a small part…
Axon’s run: What should readers do now? It has been little more than a year since I first recommended Axon (AXON) shares. So far in 2024, the shares are up 68% and they have consistently been making new all-time highs. The quintessential pattern of a momentum growth stock. Much of the share price increase has come since the latest earnings…
Summary Braze shares have seen significant valuation compression, presenting a potential buying opportunity at an EV/S ratio of 4.3X, despite strong operational performance. The company is focusing on enterprise sales, leveraging its comprehensive customer engagement platform, and I expect a return to mid-20% revenue growth or higher. Braze’s path to profitability is accelerating, with improvements…