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…
Summary Alteryx has spent much of 2021 in the investor doghouse with the shares down.by about 50% over the past year. That share price performance belies some encouraging news in terms of the company’s operating performance, with ARR growth accelerating to 29% last quarter. In addition, customer churn has reduced to its lowest level since 2019, and…
Yes, we did send out our weekly commentary just a little while ago. But the action of the market today. November 22, has impelled us to write an update for subscribers. The pullback today transcended the fintech space, although some commentators focused attention on the performance of those shares which retreated significantly. This was a…
Alteryx As some subscribers may realize, I have spent almost a decade of my life as a Texan. Texas certainly has some unique cultural aspects and as well some unique sayings. One of those is, I am not ready to dance a jig, but I am ready to raise a leg. And that is basically…
We made two changes to the model portfolio on Friday afternoon. We spent a bit less than $40k and added to our positions in both Shift4 and in Alteryx, buying 300 and 275 shares respectively at the closing prices of $63.19 and $73.25. As these changes took place at the close on Friday, they will…
The charts and the comparative commentary will return shortly. Sorry for the interruption, but we want to provide subscribers with a better experience and we need to re-do the format of the charts and automate their preparation so they are more legible and are less likely to have calculational errors. Last week started with what…
As the first sentence of The Tale of Two Cities puts it: “It was the best of and the worst of times.” I am sure that many subscribers are unhappy-or more than that with the performance of Alteryx and Fastly. Presumably, some subscribers are pleased with the performance of Shift4 and Datadog. I try to…
Today has been a modestly “risk-off” day in the market with the Nasdaq up marginally, while the Dow has gained about 0.3%. The CLOU index, however, has shown a more notable loss of 0.7%. Within the moves of the index, I think 2 names should be called out based on some specific news items that…
Summary Alteryx reported its Q1 results5 weeks ago. Those results included significant beats in terms of revenue, non-GAAO earnings and ARR growth. The company did lift its forecast for ARR growth such that the last two quarters of the year are expected to show growth in the low-mid 30% range. At the company’s Inspire event,…
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,…