I mentioned in the post sent to subscribers on Sunday that I was making some changes in the high-growth portfolio. As it happens, there are some steps that I can take to increase the beta of the portfolio and to increase the percentages held by the portfolio in some of my most favored names. I…
Yesterday, Twilio announced its purchase of SendGrid. SendGrid is a public company, and unlike many similar software transactions in recent years, this will be a stock purchase, with Twilio paying $2 billion in stock based on Monday’s closing price for SendGrid’s equity. It was also announced that both Twilio and SendGrid had exceeded their forecast…
As I think most readers know, Twilio shares are up 20% this afternoon to a new all-time high. I am obviously pleased with the company’s performance which has certainly been more than satisfactory. I wish I could reprise the performance all of the time-that just will not happen, of course. I am also pleased with…
Ubiquiti’s Earnings Release; Twilio convertible note offering Twilio Twilio announced this morning that it will be offering an aggregate of $500 million of convertible notes to institutional investors. While the notes haven’t been priced; it is reasonable to believe that they will bear interest at a rate of 0.5% or less and the shares will…
This week is the height of earnings season. Many companies that we follow are reporting. We try to comment on those that are of particular interest, but it often times turns out to be impossible. Twilio: Twilio reported last evening. One brokerage puts out a report with a caption, “All you need to know.” In…
Summary Last week, Twilio held its analyst day but the shares showed little reaction. The company’s shares fell sharply last month, despite what might have been viewed as a decent quarter. Twilio shares have not attracted positive investor notice since the company announced that Uber was essentially de-emphasizing its usage of Twilio infrastructure. Outside of…
Summary Twilio reported results of its fiscal Q4 last week. The company achieved exceptional growth in Q4 – particularly after adjusting for the “Uber” impact, and saw some operating leverage. The company increased its forward guidance, although it seemingly was quite restrained in its forecast. Gross margins ran a bit ahead of prior forecasts, suggesting…
Twilio, one of the m ore successful IPO’s this year which is up 7)% in the last 3 months and 130% since it first traded at the end of June has announced that it has filed a $400 million share offering. The company itself is only offering $50 million of shares which will dilute current…