As foreshadowed in a previous post, we are making a change in our high growth portfolio. We are selling Avalara and buying Dynatrace. We had 230 shares of Avalara which we sold on close this afternoon at $97.62/share. That raised $22,450. We bought 700 shares of Dynatrace at $32/share which cost $22,400. We added the…
Fastly (FSLY) Speeds Up; Avalara’s valuation starts to exceed its relative value. Last week was the apogee of earnings season, although there will be a few names of interest reporting this week. We continue to comment on names in our high-growth portfolio that have reported. As we clear the backlog of comments, we will catch…
As I have done for the past several years during days when there are multiple earnings reports to consider, I will break up the article into several component parts. I try to make these articles a little analytical, and not just a recapitulation of what is announced and what was said on each call. So,…
We have reached the tail end of earnings season although there are a couple of interesting releases scheduled before the holiday. Splunk, and Pure is to report on 11/21 and Nutanix is to report on 11/25 along with Palo Alto. Splunk shares were downgraded by a small research boutique, Cleveland Research. The cause of the…
Summary Avalara is the leading vendor in the field of tax compliance. It has built a business on the automation of manual processes that calculate sales tax and use tax liabilities. It is in the early stages of developing and offering solutions for classifying international trade items. It has developed a substantial competitive moat. Growth…
Domo: The shares of Domo began trading Friday in what was seen as a successful IPO. In some ways, at least for this writer, writing about Domo is a blast from the past-its CEO is Josh James, an entrepreneur who successfully sold his first major venture, Omniture to Adobe, where it became the basis for that company’s…
Avalara Avalara, a recent IPO whose shares appreciated by 46% its first day of trading have appreciated a further 13% so far today. The share price appreciation was based on a decision by the Supreme Court that lets states collect sales tax from online retailers. Avalara, for those unfamiliar with the name is a company…