Sale of 900 shares of Jamf; purchase of 190 shares of Pure Storage and purchase of 190 shares of Global-E As mentioned in previous posts, we are in the process of reweighting our portfolio towards companies that are exhibiting strong growth despite macro headwinds. Toward that end, we are selling 700 shares of Jamf, eliminating…
Sale of 500 Zoom Info: Purchase of 25 shares of Datadog, 30 shares of Snow and 30 Shares of Global-E We made some additional changes in our high growth portfolio, essentially executing on the rebalancing and adjustments we had laid out in previous posts. We had hoped for some kind of a dead cat bounce…
Summary Global-E’s latest earnings report exceeded expectations, with higher revenue and adjusted EBITDA than projected. The company’s growth drivers for 2024 include the Shopify Markets Pro platform and the migration of Borderfree customers to its own platform. Global-E’s business model and cost ratios have shown significant improvements, with increasing gross margins and stable operating expenses.…
This morning I made some changes in the High-Growth model portfolio. I sold 600 shares of Global-E at $43.21 which raised $25,920. And I sold the entire position in Palo Alto (105 shares) at $253.41. This raised $26,600. I haven’t made any purchases to offset these sales. I will await tomorrow’s jobs report before making…
We have made some changes in our Ticker Target High Growth portfolio today, March 6th. We sold our position in Elastic. The sales price for the position was $ 66.19. That netted $45,330. Elastic’s operational performance has simply been disappointing. The technology is great, but the company has had a difficult time in converting a…
Reviewing a busted recommendation The last 13 months have been a humbling experience. I feel bloody but try to remain unbowed. It has been next to impossible to make successful recommendations-at least as I define successful. Even companies that I have recommended on SA such as Adobe (ADBE), Wix (WIX), Trade Desk (TTD) and Arista…
If Fed speakers were muzzled, the world of investing would be a happier and healthier place. After a rally mainly induced by hope for a Fed pivot as inflation rates at both the wholesale and retail level declined, Fed speakers continued to insist on an elevated and lengthy period of terminal rates, albeit with some…
Shopify-A dispassionate look from a onetime shareholder The last time I personally owned Shopify (SHOP) was during 2019. The last time I wrote about the company for SA was back in April 2020. It was just at the end of the pandemic induced market swoon and the shares were at an adjusted price of $42, on their…
It can be difficult to write about earnings and forecasts when investors seem fixated on risks and geopolitical fears. While I can offer some kind of informed opinion on inflation and interest rates and economic trends, my crystal ball goes cloudy when I try to prognosticate about the future actions of a risk tolerant dictator. …
Summary The thesis here is that high growth names are able to produce sizeable returns despite the headwinds of inflation and higher interest rates. The thesis is supported by notable valuation compression in many names that has proceeded unremarked through much of 2021. In addition, most high growth companies are expanding their TAMS by aggressive…