AYX

When you go to the grocery store, you are confronted with a choice of buying ripe (yellow) bananas which you can eat immediately, or buying green bananas, which will take some time to ripen. It can be a conundrum. You may not be able to eat all of the ripe bananas before they go bad,…

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Alteryx: Yesterday, AYX and Snowflake announced a partnership that enhances the integration between the Snowflake platform and what Alteryx now calls its analytic process automation solution set. Alteryx shares were up 7%+ on the basis of the announcement. Alteryx is a 7%+ weighting  in our high-growth portfolio. Snowflake is perhaps the leading platform these days…

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Summary Enterprise software turned in a spectacular performance in 2020. My tea leaves suggest that the space will continue to outperform broad indices in 2021. I think a reasonable portfolio should focus on those companies who experienced demand headwinds in all or part of last year. I have taken a portfolio approach to making recommendations.…

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We are enlarging our AYX position from about 5% to 7.5%; we have bought 150 shares at a price of $111.49. I get questions sometimes about the price we buy and sell in the model portfolio. We actually have a model portfolio that we manage on behalf of a specific (unidentified) client. Very often we…

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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…

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As we foreshadowed in our last portfolio commentary we have reestablished a position in Alteryx shares. We spent $20,345 to buy 180 shares. This is approximately a 3.3% weighting in our high-growth portfolio. This is a starter position; we expect to buy more and increase the weighting on an opportunistic basis. This is a day…

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As is the case every week there were some interesting developments in the IT space. The basic theme last week related to a sector rotation from high-growth IT names to the cyclical names associated with a cyclical recovery. I will comment more on that theme when I write my weekly portfolio summary; in the meantime,…

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Yesterday was probably the apogee of earnings releases for the September quarter. I can’t possibly handle all of the data that was in all of the releases. The election continues as somewhat of a concern, although several days after what appears to be a mixed result with a divided government, investors seem content with the…

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Buying the dip

The last few trading sessions have seen a rather significant reversal of investor preferences. Risk-off is ruling investment sentiment and has pulled down many high-growth IT names by as much as 20% in a few days. Losses, as is typical in a panic, have been fairly indiscriminate although the names with the highest EV/S valuation…

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Subscribers-once in a while I will take a little bow. And I will always talk about luck and happenstance as well. I am, of course referring to Alteryx, whose shares have taken flight this afternoon as the company preannounced a substantial revenue upside and named a new CEO, Mark Anderson. The shares are up something…

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