Ticker Target Invest Philosophy In the wake of the excruciating fall of high growth IT shares I have been asked frequently about the Ticker Target investment philosophy and how it works in these difficult times. Obviously in looking at a drawdown of 34% in just over 6 weeks provides plenty of motivation for introspection and…
Summary Smartsheet’s share price decline has brought its EV/S ratio to around 4.5X, with a projected free cash flow margin of around 12% over the next 12 months, making it an attractive investment opportunity.The company is a leader in the workflow management space, with strong growth in profitability and free cash generation, and is set…
We have made the following changes in the high growth portfolio: We have sold the 400 share position of Asana at $26.71, which netted $10, 670. We bought 460 additional shares of Nutanix at $22.98. This cost $10,585. The high growth portfolio now has a holding of 1230 shares, and a weighting of approximately 4%.…
The market was having a nice week until Thursday. Then of course, investors started to worry about a hot inflation print, and they got what they feared on Friday. The net result was another share price implosion. Readers will notice that these 3 companies aren’t seeing any pullback in the growth of their business. While the…
Asana shares have fallen almost 25% as of this writing on Thursday afternoon. The cause is the guidance the company provided as part of its earnings release. The quarter the company reported was an upside in all respects. Revenues for the quarter were $112 million, or growth of 64%. The company had forecast that revenues…
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…
This past week is one that I might wish to see blanked out on the calendar. The panic mentality that has ruled the market for high-growth IT names had its ups and downs over the course of the week. But investors continued to shun high-growth names. The casualty report from the stock market front has…
Additional Portfolio changes: Sale of 185 Asana (ASAN) and purchase of 395 shares of GLBE We have made another portfolio transaction today, reducing our holding of Asana by 185 shares and adding 380 shares of Global-E. The portfolio now holds 400 shares of Asana, and 670 shares of Global=E. These changes, and the other changes…
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…
The high growth portfolio has a position of 925 shares of Asana (ASAN) which was acquired at approximately $29/share about a year ago. The shares have been on a tear since the company reported earnings at the start of this month. Indeed, the shares have appreciated by 57% thus far this month, and by 22%…