Reviewing a busted recommendation The last 13 months have been a humbling experience. I feel bloody but try to remain unbowed. It has been next to impossible to make successful recommendations-at least as I define successful. Even companies that I have recommended on SA such as Adobe (ADBE), Wix (WIX), Trade Desk (TTD) and Arista…
Taking a look at a very fallen angel Wix, (WIX) the subject of this article, is a very fallen angel. It was one of the first IT vendors to see falling growth, and it has perhaps reached something of a nadir in that category. When the company last reported in August, it commented that it had seen…
Shopify-A dispassionate look from a onetime shareholder The last time I personally owned Shopify (SHOP) was during 2019. The last time I wrote about the company for SA was back in April 2020. It was just at the end of the pandemic induced market swoon and the shares were at an adjusted price of $42, on their…
Summary Shares of High-Growth software companies have led the market down so far in 2022. The decline in valuations and absolute share prices has been at rates that rival anything in the recent past. This decline has occurred against a background of strong and growing demand in the Information Technology (IT) space. Ironically, software demand…
Additional Portfolio changes: Sale of 185 Asana (ASAN) and purchase of 395 shares of GLBE We have made another portfolio transaction today, reducing our holding of Asana by 185 shares and adding 380 shares of Global-E. The portfolio now holds 400 shares of Asana, and 670 shares of Global=E. These changes, and the other changes…
Several subscribers have asked me to comment about the share price implosion in the IT space this past week and what names can be bought to take advantage of this panic. I do think that this is a panic that presents some opportunities for subscribers with spare cash. The concept of this panicis is that…
Summary Wix is set to report earnings on Wednesday, Feb. 17, 2021. We expect the company to report incrementally stronger ewcwnuw growth, with a likely improvement in the company’s operating cash flow margin. Wix continues to pivot its technology to address the ecommerce space. The company now derives more than 20% of its revenues from…
We have owned a 5% position in Wix in our high-growth portfolio. The shares have performed reasonably. But the results of the last quarter were not what we might have hoped for. The shares, after a couple of days are down marginally-about 5% or so. Overall, the shares have held up far better than most…
Earnings season has gotten underway in earnest. It is very early days, but the IT space is reflecting a continuation of strong demand growth. It has been interesting to see that the early semi-conductor earnings are also showing growth better than had been expected. While the rest of the economy seems poised between recession and…
Earlier this past week, Wix reported the results for its fiscal Q1. The headline results were decent in terms of growth and a bit less so in terms of reported earnings. Free cash flow, which is a focus of this company was quite strong. Initially investors “sold the news” but subsequently the shares recovered and…