Ellie Mae Confounds The Skeptics
The company keeps confounding the critics, growing against headwinds from rising interest rates and lower mortgage origination volumes. This isn’t so surprising, it has done it before. The company has […]
United Microelectronics Has An Excellent Long-Term Perspective
A change in strategy, the backdrop of end-product demand growth and scaling up a facility in China should give the company considerable room to run. This won’t happen immediately though. […]
Workday Keeps On Rising, But Its Valuation Is Steep
The company keeps doing almost everything right, with good growth, operational leverage and lots of free cash flow. There is no reason to think this won’t continue, but the picture […]
Are Investors Excessively Punishing Companies That Invest In Growth At The Expense Of Margins?
While not a systematic inquiry, we nevertheless spot quite a few companies whose shares get punished for investing when that results in some margin decline. With investment the cost gets […]
Cypress 3.0 Is Working Very Well
The company is benefiting from a number of positives, like the IoT market taking off, increasing electronic content in cars, a USB-C explosion, and very strong memory prices. It is […]
Ctrip’s International Expansion Adds Another Booster
Ctrip, the giant online Chinese travel platform, is going through a soft patch, in part the consequence of one-off factors. But we argue that this is still a very well-managed […]
SHU Portfolio: Buy Skechers Again
Shares in Skechers have sold off big time on rising cost and a soft Q2 outlook. But much of the cost rise is due to investments in growth, which the […]
ASML Holding Doesn’t See A Memory Slowdown
ASML Holding posted a solid first quarter and guidance. While Q2 gross margins are guided down, this problem will disappear during the rest of the year as margins will steadily […]
Chinese Tech Increasingly A Match For U.S. Big Tech. Should We Worry?
The rise of Chinese high-tech companies has produced the specter of Chinese domination of the industries of the future. While it is true that many high-tech Chinese companies have caught […]
CalAmp Has A Considerable Runway
After moving sideways for the 5 months since we first wrote about the company, we think things are looking up again. The company will benefit from a growing market, which […]