The market spent a totally schizoid week. It initially fell, with what are thought to be high-risk stocks taking the brunt of the selling. And then it turned. I was asked recently by a subscriber to compare this overall risk-off period to the crashes in 2001 and 2008. I was around for both of them.…
Last week apparently marked the emergence of a new market paradigm. According to some colleagues who I have known for decades, the current thinking of aggressive hedge funds is to buy beaten down growth stocks and megacaps, while selling smaller more cyclical companies. The theory is that aggressive tightening by the Fed that was foreshadowed…
We want to give subscribers a heads-up on more names on a more timely basis. Today was a day in which the heavens poured earnings. We will provide subscribers with brief thumb-nails of the results of some of the names we follow and invite dialog or questions regarding the results and the outlook for any…
A well-known analyst at the William Blair brokerage reported today that he had obtained input that Workday had closed an enormous deal with for the company’s human capital management solution. The report says that the customer has 2 million employees. If that is really the scope of the customer, then it is most likely Wal-Mart…
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…
Today Oracle announced what it described as its 4th and last extension for its offer to purchase NetSuite at $110.share. So far, the press release indicated that tenders had only been received for 25% of the required shares several months after the offer was made and management for both companies encouraged the transaction. Obviously the…
Parametric shares broke through valuations not seen since the tech stock bubble at the turn of the century. The shares are now up by 32% year to date, significantly beyond the 11% share price appreciation seen by IGV. Overall, bookings exceeded the company’s forecast by about $25 million or 22%. The press released called out…
Teradata, a company in our growth portfolio was downgraded today by analyst Brent Thill of UBS. The premise of his downgrade is a bit difficult to follow but essentially the analysis comes from the fact that TDC has outperformed the IGV thus far this year but that the company faces a rocky transition to cloud…