Tech stocks have been battered the last few months and more than a few commentators have suggested that they are road kill as investments-but the results thus far this quarter are suggesting that the rumors of their demise, at least in terms of their operational performance have been vastly exaggerated. All of the 3 companies…
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…
Alteryx As some subscribers may realize, I have spent almost a decade of my life as a Texan. Texas certainly has some unique cultural aspects and as well some unique sayings. One of those is, I am not ready to dance a jig, but I am ready to raise a leg. And that is basically…
Summary The thesis here is that high growth names are able to produce sizeable returns despite the headwinds of inflation and higher interest rates. The thesis is supported by notable valuation compression in many names that has proceeded unremarked through much of 2021. In addition, most high growth companies are expanding their TAMS by aggressive…
I am sure that subscribers will recognize that the last few days have seen a rather substantial pull-back in high growth tech names. Some losses have been greater than others. None of the valuation contraction has been based on some particular changes in the outlook for growth names, or their overall operational performance. We will…
It is rare that I find newsworthy events on which some type of commentary makes sense two days in three. This is one of those rare times. As I write this, Wednesday, July 14th markets continue to move in a risk-off direction-although not precipitately. The inflation reports, both the CPI and the PPI were concerning…
Zoom Info held its analyst day on Monday, June 14, 2021. I sometimes get pushback from subscribers and investment advisory clients as to why I have been so positive on Zoom shares. There are two elements that I would point out. One of these is the company’s growing TAM. Many people, if they consider ZI,…
As we indicated yesterday, we made some changes in the portfolio. While we had hoped to get more of a spike in Upstart, the short covering rally apparently ran out of gas. We had our orders in, and one of them was filled at $159.99-but the other orders we had entered have not been filled,…
We eliminated our position in Aspen tech earlier today selling 140 shares at $128.99 which raised $18,040. We were disappointed in Aspen’s performance last quarter and equally disappointed in the company blaming it on the weather. This is a software company and not a home builder. Obviously sales execution was dramatically below expectations to lead…
We had written previously that we had planned to add to our net long position to take advantage of some of the bargains that have emerged after weeks of sector rotation. Yesterday was another day of sector rotation. The usual suspect these days is interest rate increases or its concomitant metric, inflation concerns. As it…