Saul's Market Caps

I just did a very quick analysis of the market caps of Saul’s companies.

Large positions - 7.1% - 8.6%
SYNA, CELG, UBNT, BOFI, AMBA, MTZ
The average market cap is $2.75B.
If the high and the low are discarded it doesn’t change much: $2.58B

Average Positions - 3.2% - 5%
SYZM, WAB, HZNP, AFOP, Z, CSGP, SCTY, JCOM, CALL, PSIX
Avg MC: $2.37B
Discard the low and high: $2.65B

Small Positions - 0.9% - 1.5%
NGVC, PFIE, INBK, LNKD, APPY, ELLI
Avg MC: $633M
Discard the low and high: $446M

Largest MC - CELG - $60.4B
Smallest MC - APPY - $65.5M

Tiny positions not evaluated.

Obviously there are some gaps around position size. Just thought I’d post.

Jeb
Long SAUL’S BOARD

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I just did a very quick analysis of the market caps of Saul’s companies.

Thanks Jeb, I’ve never done that.

Large positions: SYNA, CELG, UBNT, BOFI, AMBA, MTZ
The average market cap is $2.75B.

Largest MC - CELG - $60.4B

Wait Jeb, there’s something very wrong! If you are averaging 6 market caps, and one of them is $60B, then 60 divided by 6 is $10B - even if the other five had zero market cap at all!!! What did you do here?

Saul

I left out a zero! I should have caught that myself. When I looked at the list it was easy to see that CELG was going to skew the numbers because it was so much larger than the rest. That is why I calculated a version where I threw out the low and the high…and then I went on my merry way.

The average of the top 6 are $11.8B.

Gotta be more careful.

Thanks Saul.

Jeb