While many subscribers do not look at the Income/Stability portfolio that we publish we continue to update it and to manage it carefully. The performance of the portfolio this year has been strong, mainly a function of the very significant appreciation in Dell shares. As foreshadowed in this week’s commentary, we decided another trim of the Dell…
We sold 250 shares of our 1000 share Dell position at $182.82 and now have 750 shares. The sale raised $45,695. We sold the Dell shares for 2 basic reasons. The portfolio concentration in Dell had reached unacceptable levels. Before the sale, Dell had reached a weight of more than 43% in the income/stability portfolio;…
Overall, the crop of earnings reported this past week has been underwhelming from the perspective of share prices, but reasonably positive in terms of a lens looking at demand growth. No signs of SaaSpocalypse or anything like that. In this blog, I will stick to the companies that reported this past week, and will discuss…
Stocks are down today-I think it is the 3rd day of consolidation out of the last 5. And it comes after last Friday’s semi-flash crash. It has left some stocks selling at levels that have made me want to buy some of the dip-even after last Friday’s experience which wasn’t much fun. I will write about…
We made some small additions to our portfolio today. In the high growth portfolio we added 100 shares of RBRK. We bought the shares at $85.44 for a cost of $8560. We now have 2800 shares in the high growth portfolio and they have a weight of 9.97%. We also bought 200 shores of Braze…
With yesterday’s spike, shares of Oracle reached over 45% of the Income/Stability portfolio at one point. That is just beyond any guard rails with regards to portfolio concentration. Portfolio management implies some rules. Honestly, for the most part, our rule is 15% is maximum concentration. We made some changes in the Income/Stability portfolio this morning. I…
We added 150 shares of Dell to the income/stability portfolio this morning at a price of $120.49. The shares have fallen almost 13% in the wake of a negative reaction to the most recent earnings report. I am not going to go through the details of the report here; the AI server piece of Dell…
Summary Dell offers a GARP opportunity: strong AI server growth is leading to an acceleration in the company’s CAGR while the rest of the business remains reasonably stable. AI servers are now Dell’s key growth engine, with bookings and backlog surging, yet management’s guidance remains highly conservative, creating upside potential. Legacy businesses (PCs, storage, networking)…
We made a change in the Income/Stability portfolio this morning. We eliminated the Cisco position. We eliminated the position because we wanted to buy more Dell, and didn’t want to increase the margin balance in this portfolio. There hasn’t been much in the way of news regarding Cisco. The shares have edged up by almost…
We were able to add another 100 shares of Rubrik to the high growth portfolio. Rubrik shares are down this morning and they were down yesterday. They are 15% lower than where they were when they announced their convertible offering. We bought 100 shares at $88.81. This took the position to 1600 shares and the…