User comment: Hello Victor, what is your current analysis of the situation, what about adding to any stocks on the portfolio? Any personal opinion on Snow (A2QB38)? I hope everything is OK for you & family with the fires! Take care & sit tight!
Victor: Hello All. Apologies for the recent radio silence. I have been on several back to back backpacking trips in the Sierras and have been trying really hard to simply shut off after the earnings calls.
Thank you for the questions. SNOW! Incredible company with an exorbitant valuation. I am not touching this one for awhile. While their story, growth and fundamentals are totally solid, this company is value over $70b, which by any metric I look at is twice where it should be. I might miss out on a stellar run up, but I just can’t get my arms around buying at this price…I’m staying away.
Stocks I’m adding to are those at the top of the list: CRWD, FSLY, DDOG & NET. I also have established a new position in PTON after witnessing their latest earnings report and call. They have incredible accelerated growth the past quarter, a raving following, stellar earnings call, increased guidance, and oddly similar recurring revenue and subscription model to our SaaS companies. I will keep the position small as I research it further, but since I ordered one of the new bikes to be delivered next week and have many friends raving about them (including a few of you), I will try it out myself and figured I should at least take a small position in it. Stocks I am reducing, have sold or am otherwise divesting include: AYX and LVGO…both for the reasons given in prior texts.
