My portfolio at the end of the year 2016

Seeking Alpha has an article called: 2017 bargains? The Russell 2000 Worst Performers. It was dominated by Biotechs and Pharmaceuticals, so they weeded them out and posted another 25 excluding biotechs and pharmas.

http://seekingalpha.com/news/3232948-2017-bargains-russell-2…

Infinera made the list. It’s been descending steadily and is right near its bottom. I’m glad I sold it months ago. It’s a hardware company dependent on a few large customers, with no recurrent income and collapsing revenue.

HortonWorks is also on it and is 20% off its bottom a few months ago. I’m glad I just bought a little position in it this week. It’s a software company with lots of both recurring revenue and deferred revenue, and rapidly expanding sales. It’s possible TAM includes almost every enterprise in the universe instead of a few big clients.

Both on the same list!

Saul

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