Shares of Dell continued to spike this morning. The spike is in anticipation of the upcoming earnings release. In perhaps an excess of caution, I decided to make a final trim of the Dell position before the earnings release. The Income/Stability portfolio sold 150 shares of Dell at $308.19. Dell shares have appreciated by more than 42%…
We sold 250 shares of Dell, reducing the position in the income/Stability portfolio to 250 shares. The shares have had a huge run based on their positioning in the AI PC space. The shares have more than doubled since the start of the year and even after today’s drawdown, they are still up by more…
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)…