During the course of the day, Monday, August 21st. we made a number of changes in our high growth model portfolio. We entered limits for all these transactions which were executed over the course of the day. As there were a number of transactions, I decided to send out one post after market close that…
I don’t make a practice of harping on recommendations. Ultimately, if the analysis is right, the stock price will take care of itself. But sometimes stocks trade in peculiar ways that belie reality. I think that continues to be the case with the shares of Alteryx, and I wanted to bring that to the attention…
Summary Alteryx recently released the results of its Q1 and provided guidance for the next quarter and the balance of 2023.The shares have imploded since then, losing 30% of their value.The company’s Q1 was in-line in terms of revenues and bookings, and a significant beat in terms of earnings and free cash flow.The company provided…
Summary Alteryx Q4 earnings were a significant upside with better than expected results for revenues, ARR and non-GAAP operating profits.The company is benefitting from a significant set of initiatives including a new go-to-market motion and a cloud analytics platform.The company is benefitting from a significant set of initiatives including a new go-to-market motion and a…
How should growth investors position their portfolios to deal with the impending recession Whether the NBER or the president chooses to acknowledge the reality, a recession is either here or shortly impending. It is not, perhaps, a typical recession, but then there is really no such thing as a typical, i.e. inventory based recession any…
The last few days have seen a mini-rally in enterprise software stocks. I could tell readers that I was anticipating that, except for the fact that I have really been anticipating this since March, and most software stocks still have a long way to go before reclaiming those levels. At the most basic level, there…
Salesforce-A recommendation for a perilous market The title of this article comes from a quote by Ray Bradbury, a well known author, whose most famous work was “Fahrenheit 451.” I thought it particularly appropriate after the months of share price bloodletting. I have not written about Salesforce (CRM) on the SA platform for about 4 years now. I…
Tech stocks have been battered the last few months and more than a few commentators have suggested that they are road kill as investments-but the results thus far this quarter are suggesting that the rumors of their demise, at least in terms of their operational performance have been vastly exaggerated. All of the 3 companies…
Summary Shares of High-Growth software companies have led the market down so far in 2022. The decline in valuations and absolute share prices has been at rates that rival anything in the recent past. This decline has occurred against a background of strong and growing demand in the Information Technology (IT) space. Ironically, software demand…
Last week was another week of distress for high-growth shares, although perhaps not as grim as the prior week. Most of the damage was done on Wednesday which brought substantial valuation contractions. The market for high-growth shares stabilized a bit on Friday, but overall, our high-growth portfolio lost 6% and its index value now stands…