I made some relatively small changes in the high growth portfolio. I eliminated the position in Bill-280 shares sold @ $90.29. Bill has appreciated since we entered the shares shortly before the company’s latest earnings release. The earnings that were released were strong; the guidance was, as usual, very cautious, and somewhat less than I might…
We made two changes in the high growth portfolio today. We sold 250 shares of Procore, our entire position at $68.49. This raised $17,110. We were surprised that the shares jumped significantly after the quarterly earnings report. While the quarter was significantly better than the company’s prior projections, its guidance was not. In particular, we…
Summary Bill Holdings is forecasted to return to 20%+ revenue growth, driven by effective sales execution, new partnerships, and growing acceptance of its platform. The company’s CEO and COO have made significant open market purchases, signaling strong confidence in the growth thesis. Despite conservative revenue forecasts, Bill’s current valuation and macroeconomic tailwinds present a compelling…
There have been lots of earnings the past few days, and some other news as well. Now, if only ChatGPT was up to the task…I have to confess as enthused as I am about GenerativeAI, it sometimes can compose the most peculiar sentences. I actually had to try to explain to it the difference between…
Thursday results were far less pleasant reading than Wednesday’s. I will leave others to comment on Apple. It is dealing with some macro headwinds and some company specific issues. Cloudflare’s earnings were OK; given its valuation, its forecast was less than might have been hoped. Fortinet remains a company in transition, and transitions are not very popular with tech investors these…
Summary Bill has developed an industry leading financial operations software platform for SMBs. The company’s performance remains strong, attracting new users and improving margins. The stock market volatility and interest rate concerns have impacted Bill.com’s share price, but its long-term growth potential remains intact. The company has a significant generative AI capability that dramatically automates…
We bought 190 shares of Global-E this morning at a price of $30.10. The total invested was $5725, or a little less than the sales we had made in Upstart and Affirm last Thursday. We considered starting a position in shares of Bill.com, but ultimately elected to grow our position in Global-E to a 4%…
Looking at Bill.com shares in the context of their valuation implosion and the demand impacts of the macro slowdown Bill.com (BILL) is yet another fallen angel from the crop of IPO’s of the last few years. I wrote about the company for SA back in the summer of 2020. It was a case of liking the company but…
Summary BILL.Com has become the leader in automating A/P’s and A/R’s for smaller enterprises. It currently has 91,000 customer; its market space is said to be composed of 6 million potential users. The company has achieved strong growth, above forecast levels since BILL went public about 7 months ago. The company has view competitors with…