Summary Affirm is a company that has been a pioneer in the POS-Credit space. It can offer some consumers a 0% APR loan which has created lots of word of mouth excitement amongst consumers. The company calls out a differentiated technology that has been able to increase credit approvals while creating a high performing and…
As many subscribers will be aware, some of the cyber security names have appreciated very sharply this week. We currently have about 20% of our portfolio in holdings of CRWD and ZS. This week’s spike is most likely a function of investor interest in the space due to the Russian hack that has penetrated several…
Summary C3.AI shares started trading in the public market on December 9, 2020. The shares are currently selling at about 2.8X the offer price. The company is focused on providing tools allowing large enterprises to build unique and sophisticated applications based on the use of artificial intelligence technology. The company has a very strong relationship with…
Earlier today, we made another change in our high-growth portfolio. We sold about 50% of our position in Atlassian-132 shares at $240.09. This sale raised about $31,685. Atlassian is a great company with a long runway of growth. But the shares have gained 25% in the last month. Part of that gain probably relates to…
As many subscribers will have read, Pluralsight announced its acquisition by Vista Equity Partners for $20.26/share in an all-cash transaction. We think that Vista got a steal-but the press release suggests the company had shopped itself for some time period and this was the best bid. I have no reason to doubt the language of…
In late October I wrote an article on Root and its IPO. I suggested that it would be a strong IPO, and that investors should invest in the shares. The company recently (Dec.1, 2020) announced the results of its first quarter reporting as a public company. Suffice it to say-the IPO didn’t work out and…
After a record setting November for many equity indices, December has opened with a bit of a pause-particularly so for high-multiple, high growth IT names. The dreaded sector rotation came and went in a couple of weeks, leading to a noticeable rally. I would be surprised if December turned out to be quite so ebullient…
As noted yesterday, we sold our position in Slack in the wake of its purchase by Sales force. We added to our holding of Alteryx but still had some funds available to start a new position. We considered a number of names but ultimately decided to add Smartsheet to our portfolio. We have written about…
As most subscribers are aware; Salesforce has announced a deal to acquire Slack. The transaction was one of the most leaked I have seen in the recent past and there was nothing in the actual transaction that hadn’t essentially been already anticipated. The transaction, as structured, includes a cash consideration of $26.79/share + 0.0776 shares…
Summary JFrog is a fairly recent IPO. The company recently reported the results for its first quarter as a public company, which not terribly surprisingly turned out to be a beat/raise quarter. JFrog, whose name has nothing whatsoever to do with its corporate identity, is a leading vendor in a field known as DevOps. Its…