Should You Buy Progress Software?
Revenue growth has been stagnating for some time and there are still no visible signs their growth strategy is working. We will know more about the latter when the company […]
Sensible European Populism
The economic and political situation in Europe is deteriorating pretty alarmingly, stocks are close to, or already in a bear market. Economically, there is the threat of a return of […]
Talend Crashed On Cloud Transition
The company is focusing on getting much more customers to the cloud. While that is positive, the transition itself depresses headline growth. And worse, this effect is lingering all next […]
Elastic Is A Unique Company With A Unique Valuation
The company’s core search technology is almost a general purpose technology with exploding use cases, at least in part fired by a large open source community of users. The company […]
Auto Parts Network: A Speculative Buy
The track record of the company is actually pretty dismal, especially given general e-commerce tailwinds. But the valuation of the shares already reflect this record. There is a new CEO […]
Goldfield Is Cheap, If Margins Recover
Energy infrastructure company Goldfield’s shares have slumped this year, and they are now cheap. The main worry is the margin development. Management believes gross margin can return to the historical […]
Analog Devices, Another Mini Texas Instruments
Analog Devices has numerous attractive characteristics, the company has deep capabilities, specialist knowledge and numerous growth opportunities, most notably 5G. The company also produces extremely impressive margins and cash flow, […]
Momo’s Down, But Certainly Not Out
Revenue growth is slowing down and came in at the lower end of guidance, but growth is still brisk, especially in VAS and Tantan. Content cost are growing considerably more […]
Should The Fed Regulate Asset Prices?
The idea might seem crazy at first, but it follows logically from a model in which beliefs about future asset prices (‘animal spirits’) have real effects on output and employment. […]
Zuora Has A Long Runway
The company has unique products with little competition and a long runway for growth. After the sell-off since the summer, valuations are also much more reasonable now. However, profitability is […]