There have been a variety of news events that may be of interest to some subscribers. I though it might be most convenient to bundle them into a single post. None of these events will be company changing but they have had some modest share price impact. Before starting on the content, please note that…
I have received a number of requests from subscribers to comment on what some perceive as a valuation bubble in high-growth tech stocks. It seems a good occasion to reflect on Q1 and whether those results have created a bubble. Just to be clear, from time to time, groups of stocks are going to perform…
Most subscribers are probably aware that Amazon has launched a product called DocumentDB that is compatible with MongoDB. In consequence, MongoDB shares have dropped by 13% today and they were down 4% yesterday as the information about the Amazon product started to be disseminated. I have been asked by quite a few subscribers what they…
Before I embark on a couple of rather brief commentaries on two names that I have recommended to subscribers over the past few months, pardon me if I take a few lines to suggest some thoughts-about Tuesday’s bloodletting, today’s reversal and the yawing disconnect between reality and the share price performance of tech shares. Tech…
We had mentioned in previous posts that our position in Twilio had reached a level that was inconsistent with good portfolio management policies. While the main mandate of the portfolio is to maximize returns, it also has a mandate of prudent management, the same as any other investment fund might have. As of today, after…
I will try to make this as short as possible and long as necessary. Some subscribers like my efforts in terms of diction; all subscribers are going to like it better if I can produce profitable picks. I think the recent crash is epochal in nature. I have seen my share of crashes such as…
As I mentioned yesterday, this is a multi-day stretch of multiple earnings releases. I will get to most of them over time-a couple in each post. But if any subscriber wants a quick response on a particular earnings release, I am happy to oblige. Simply send a query and I will respond about the earnings…
The Mongo is a very small unit of currency in Mongolia. In fact, in terms of buying power it is about worthless. MongoDB is a small company which is anything but worthless. For those readers unfamiliar with the company, MongoDB is a leader in the NoSQL database field, a technology that is crucial in deploying…
Whale Rock’s Investment in Mongo DB, New Relic sells $500 million of convertible debt; Alteryx sells $200 million, Symantec clarifies some of its problems MongoDB The other day Whale Rock, a large Boston based hedge fund announced that it had acquired a further 1.3 million share position in MongoDB, bringing its total holding to almost…
A few days ago, Mongo reported the results of its quarter, just its 2nd as a public company. Given the environment, it wasn’t too surprising that the company achieved a decent upside in terms of revenue. Given the company’s strategy, the earnings upside was small. I wrote an article on this company back in January…