I often write about being a long-term investor. Obviously the portfolio move above is not consistent with that strategy. I entered a small position in Mongo shares a few months ago. I was counting on a growth rate inflection. The inflection came all right-but it was in the wrong direction. I think when a mistake…
A bit of alliteration-perhaps intentional. I have gotten more than a few questions on what tariffs will mean for the market-and very specifically the Ticker Target High Growth portfolio. In the short term I imagine the impact is obvious. The Ticker Target high growth portfolio has fallen about 17% since it hit a high little…
We have made the following changes in the high growth portfolio earlier this morning. CompanySharesPriceB/STotalOld Position New PositionWeightSprount Social1,500$66.69S$40,0251,50000%Datadog120$117.01S$14,02512000%Braze800$37.49B$30,00008003.5%Xometry300$27.69B$8,3151,2001,5003.4%Unity400$26.59B$10,6451,3001,7003.7%Procore50$79.49B$3,9805506003.9% Sprout Social reported yet another disappointing quarter with revenue growth forecasted at 10% for the full year. The company continues to report growth in bookings in the mid-high 20% range but somehow the bookings never translate into revenue…
The earnings of several tech companies have been released this afternoon. Confluent’s earnings were reasonable, and belied some concerns that have held the shares in check for a few weeks. Guidance, while typically muted was better than feared. Upstart reported very strong numbers and upside guidance; the shares were up 27% pre-market. Surprisingly weak numbers were reported by Blackline, and its…
This morning we made some changes in our high growth portfolio, selling the balance of the Shift 4 position and adding to positions in Datadog, SentinelOne, Unity and GitLab. The details are as follows: We sold 500 shares of Shift4 at 104.29. This eliminated the position and raised $52,140. To reiterate, our sale was related to the appointment…
Shift4 Earlier today we sold a bit more than half our position Shift4. We have had a sizable position-1100 shares-and we were able to sell 600 shares before the price declined below our limit. The average price of our sale was $105.77, and the low price was $103.99. Today, the CEO of the company, Jared Isaacman, accepted…
Summary Unity Software is recommended as a speculative investment despite its past missteps, with new leadership aiming to revitalize the company and its offerings. The company’s “Grow” segment, which focuses on in-game advertising, has faced significant challenges but is undergoing a fundamental rebuild to enhance ROAS. Unity’s “Create” business has launched Unity 6 with substantial…
Summary Unity shares are down 85% from their peak and haven’t recovered this year.The culprits were previous excessive valuation coupled with a disappointing forecast for organic revenue growth.There is some suggestion in the context of the forecast that the macro headwinds have reached their apogee.The company’s sales synergy opportunities are little valued by many at…
Down 75% from so far this year, and by 82% from its high, should investors consider the shares in the current environment? Of course being down 75%-80% in the last few months is far less of a distinction than it used to be. And, I for one, am far less interested in the percentage decline…