The flood of earnings for the spring quarter is now underway and will soon reach spate. The first results are coming in at exceptionally strong levels, regardless of how the economy may currently be tracking. Some of that strength relates to the uncertain, and modest guidance that was generally provided last spring before the economy…
Prosperity in the time of the Virus Although the impact of the virus on the economy is pervasive, the fact is that some companies, depending on their product set, and sales execution have shown more resilience than others. These are not “virus” stocks. There is no positive correlation between demand for their products and the…
This week and next week are a seasonal peak in earnings reports for the quarter ending 3/31. I don’t expect to write on every single name in the next few days, but will try to concentrate on those that are interesting or are in one of our two model portfolios. The most interesting story so…
It isn’t always straightforward to figure out what investors might be looking for in quarterly reports. I know that trading names into earnings is what most of us do, to a greater or lesser extent, but sometimes, even when the quarter and the guidance come out as expected or better, the valuation part doesn’t follow…
As I have done for the past several years during days when there are multiple earnings reports to consider, I will break up the article into several component parts. I try to make these articles a little analytical, and not just a recapitulation of what is announced and what was said on each call. So,…
I do not always get to write everything I wish in a timely fashion. Lots of companies, a fair amount of volatility and loads of data through which to sift as well as conference call transcripts to which I listen and read. Many subscribers are interested in getting updates on some of the names I…
Earnings season for the companies whose quarter ended 6/30 is winding down now, and it will be a week or two before the results of companies whose quarter ended 7/31 start flowing in any volume. NetApp does report this week, but as it has already preannounced and talked about its view of the market ,…
Summary Pega remains in a dusty corner of the enterprise software space from the point of view of investors. On the other hand, some of the numbers reported last quarter suggest a powerful growth story, not really portrayed by the headline numbers. The company has a technology that combines sales force automation with Business Process…
As mentioned, at the close of business last Friday, we made a change in the Income/Stability portfolio. We sold the remaining shares of NetApp at a price of $58.70. This netted us $11,740. We replaced the NTAP position with a buy of 250 shares of Pegasystems at a price of $47.48. The buy cost us…
Pegasystems Pegasystems reported its quarterly results last week to almost deathly silence. The share price didn’t move and the volume remained at low levels. It is a name that gets little respect and even less interest-and I think that is really a mistake. The company, like almost all other old-line software vendors is moving-rapidly-to a…