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Last week Pega reported a very disappointing quarter. Competitive position and sales execution have broken down. Pega has a great solution, I believe, and an impressive base of marquee customers. But apparently it has been unable to close significant transactions based mainly on competitive losses more than anything else. The yield on Pega shares is…

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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…

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