We had written previously that we had planned to add to our net long position to take advantage of some of the bargains that have emerged after weeks of sector rotation. Yesterday was another day of sector rotation. The usual suspect these days is interest rate increases or its concomitant metric, inflation concerns. As it…
High Growth tech names have depreciated sharply since the start of the sector rotation in mid-February. Most names have lost more than 20% as investors have fled the space-supposedly fearful of rising interest rates brought on by expectations of higher inflation. The flip side of this, is that companies in the space have seen a…
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…