talking about how MNDY stock price has really held up well?
Or have we moved on?
How about waiting on DDOG to double, because it has the best metrics?
At some point, I wonder if Saul will revert to the system that made him 25-30% for a couple decades, vs solely chasing SaaS.
At this point, I would think simple math would dispute the concept that the hypergrowth investing model of SaaS/cloud/tech hasn’t necessarily outperformed investing in other stocks. What is the proof that the (more expensively-valued) SaaS stocks with the best metrics have outperformed other stocks, whether they be about malls (SPG) or phones (AAPL) or ad-tech (TTD) or global ecomm (GLBE/SHOP) or gpu’s (NVDA), or industry of death (SCI)?
When we emerge out of this bear market, I fully expect DDOG/MNDY and others to do well. But why will their stock prices (not the company or their metrics) necessarily do better? What is the science/math that proves that?
I think about companies like SMAR or MDB that are starting to look like they haven’t gone anywhere for years.
Go ahead and compare a chart on % gained past few years, of SNOW, DDOG, TTD, AAPL, SMAR, and MDB.
TTD was the no-brainer, in hindsight. Never had the greatest metrics, wasn’t pure SaaS, and Bear and others pushed back on it in 2018. Yet they are still double the Jan 2020 price. Which was already 5x the 2018 price. While other stocks are saying hello to 2018 and 2019 prices.
Of course, I feel bad for the poster that had TTD as about half their port. I still think it hits $32 or lower before the bear mkt is through.