Recently Saul posted that he had made a mistake in selling ZoomInfo Tech; which, if I am being brutally honest here - sounds to me more like a university in Florida than a high flying, High Growth company. If I read his post right - he says that fact that ZI has held up better in the Great Stock Sell-Off than most other companies. Note that as usual I might have garbled/mucked all that up and there was some other reason that Saul thought he made a mistake in selling ZI. Which brought two distinct thoughts to my always cluttered mind:
-
Saul makes mistakes just like the rest of us mere mortals - just not as many, and by way of comparison his never appear to be via unforced error. In other words - even when he makes a mistake he never shoots himself in the foot. At least thats been my general observation as a fan his from afar.
-
Thinking on his comments on ZI through, I wondered how ZI’s performance YTD might stack up against other growth companies that I am interested to some degree or other.
Here are the YTD Comparative Performance Rankings.
Note) I am a well known data garbler so, just to be safe, you might want to check the numbers for yourself.
A) TOP 20
1.) PLAN: -5.8%
2.) CRWD: -7.6
3.) BROS: -7.9
4.) ZI…: -20.7
5.) DOCS: -20.8
6.) NARI: -22.6
7.) BILL: -26.2
8.) DDOG: -27.5
9.) NCNO: -31.1
-
FROG: -31.1
-
AMD.: -31.9
-
NET.: -33.3
-
MELI: -33.8
-
OKTA: -34.4
-
TSLA: -36.1
-
BL…: -36.2
-
HUBS: -36.5
-
ZS…: -37.2
-
S…: -37.9
-
UPST: -38.2
Note: If one might consider Cathy Woods ARKK as a sort of barometer on Growth in general: Her score YTD is -46.9%
B) Bottom 10
1.) ASAN: -54.0%
2.) ROKU: -56.0
3.) CFLT: -57.0
4.) GLBE: -57.3
5.) SE…: -60.7
6.) MNDY: -61.4
7.) FUBO: -62.0
8.) SHOP: -62.4
9.) RBLX: -62.8
- AMPL: -70.8
BONUS: Biggest Loser: AFRM: -72.0%
So what does all this tell us?
Nothing…nothing at all.
All the Best,