ServiceNow-New management team, results keep rolling on. We haven’t recommended NOW shares for a long time now. They simply have been too expensive the way we value names. But as we write this on Wednesday, October 23, 2019, the shares have reached a reasonable price level. We aren’t tempted to replace anything in our portfolio…
We are selling our position in Infosys (INFY) at Monday’s closing price of $9.29. We are deeply disappointed by the allegations that have been raised against the company and its CEO. If true, the allegations essentially challenge the company’s reports and suggest that it has been overstating revenues and earnings during the administration of the…
One subscriber wrote me that last week was a “hell of a week.” And so it was. I read a drumbeat of articles talking about bubbles and over-valuation. I have presented my thesis often enough. When I write articles and present investment ideas, I try to do so on the basis of logic and not…
A Mournful Wednesday It was just one of those days The skies were dark and the heavens were weeping. If you are a tech investor and are looking for growth names Wednesday was either the worst of times or an opportunity. While there is no particular index that tracks high momentum/highly valued growth names, a…
SAP SAP preannounced the results of its fiscal Q3 Friday morning. The results were a rather noticeable upside, and even though the details were sparse, the headlines alone were enough to drive the share up by 9.5%. SAP is a holding in our income/stability portfolio, and for the most part it has been a stable…
My Conviction on Pure Sometimes subscribers ask me about ranking my conviction concerning recommendations. To a certain extent, the request is somewhat akin to trying to rank one’s children. Still, not all of my recommendations have the same level of risks and rewards. I have written on several occasions regarding Pure Storage as a recommendation.…
Summary Avalara is the leading vendor in the field of tax compliance. It has built a business on the automation of manual processes that calculate sales tax and use tax liabilities. It is in the early stages of developing and offering solutions for classifying international trade items. It has developed a substantial competitive moat. Growth…
It has been difficult to avoid some of the headlines regarding Crowdstrike. The president essentially dragged the company’s name into the current impeachment controversy. It is hard to tell to what extent the company’s share price has been affected by its mention amongst all of the swirling tweets and allegations. The company really is not…
Cloudera launches CDP Last week Cloudera announced CDP and held a round-table with analysts. It appears that most analysts at the event seemed impressed with the product launch. I do not want to cast myself in the role of reviewing products. There are plenty of 3rd party consultants who occupy that space. But I will say…
Last week was one of frustration and concern for investors in highly valued IT names. This segment of the tech space saw another difficult week in terms of share price performance. Sector rotation has continued. Some subscribers are quite concerned at the share price evolution since July 26. While the QQQ index was only down…