I imagine that all of our subscribers are aware that the Fed chose to raise rates this afternoon. That decision had been anticipated by most market participants. The Fed statement, however, was considered to be more aggressive with regards to the likelihood of future rate hikes than might have been hoped. The Fed also continued…
I will try to make this as short as possible and long as necessary. Some subscribers like my efforts in terms of diction; all subscribers are going to like it better if I can produce profitable picks. I think the recent crash is epochal in nature. I have seen my share of crashes such as…
Summary Atlassian announced the results of its fiscal Q1 last Thursday. Once again, the results the company announced beat prior consensus estimates in terms of revenues, earnings and cash flow. Once again, the company guided expectations above the prior consensus for revenues, earnings, and free cash flow. The company detailed some plans for it to…
I mentioned in the post sent to subscribers on Sunday that I was making some changes in the high-growth portfolio. As it happens, there are some steps that I can take to increase the beta of the portfolio and to increase the percentages held by the portfolio in some of my most favored names. I…
Another day encompassing a cascade of earnings reports. I have chosen 4 names to review in this post, given their potential interest to subscribers. I encourage subscribers looking for comments on other names that have been reporting to ask away. I will try to answer quickly. The cascade of earnings will continue for the next…
Atlassian announced earlier today that it was selling what will be $1 billion of convertible notes. The interest rate has been set at 0.625% and the conversion price is $81. 52, a premium of more than 47% as I write this. As is typical in these transactions, the underwriters are providing the company with capped…
Yesterday, Atlassian reported the results of its fiscal Q3. For many companies, the results that were reported would have been considered exemplary. Revenues grew by almost 40% and beat prior estimates by about 3%. The company’s new customer count was at a record level of 6600, a substantial sequential increase. The company beat its non-IFRS…