Apologize for the shorter post, but want to make a correction to one of wsm007’s comments about CRWD so it doesn’t keep getting propagated…
…after having gone nowhere for a year, the stock is down even more recently - now down 60% from its 52-week high, and trading at a similar multiple to Zoominfo, which many, myself included, seem to think is undervalued.
CRWD is actually down “just” 38% from it’s ATH, not 60% (at least so far, the way things are going, who knows what tomorrow may bring).
I still hold a near 15% stake in CRWD (number 2/3 holding), and I thought I would have noticed if it was down 60%. I think of CRWD at this point more like SHOP was at the same time in it’s revenue growth trajectory, a really fantastic company, not too highly valued anymore, that even with the recent rev growth slowdown, is still worth holding (IMO) going forward. But then again, I’m not as concentrated as others here (I typically hold 10-15 stocks). I don’t have the SHOP numbers handy, but IIRC, it was about this same time in it’s rev growth lifecycle, that it showed a “relatively quick” slowdown into the 60% range when most leaders here reduced/sold out completely for greener pastures. Yet SHOP (the stock) continued to do phenomenally, even as growth slowed into the 50% range and lower. I’m not trying to point out that the board leaders here did anything “wrong”, I know they rotated those funds into other great companies that also did fantastic, I’m just saying that for me, I don’t consider 60%+ growth, even if slowing, a bad thing, or even 50% (especially if I have more companies I’m willing to hold).
Again, definitely not saying my method is better than anyone else’s here, if anything I’m usually on the lower end of the results from the board, but I’m comfortable with it.
And one last comment, what a punishing start to this year, after an already bad Nov/Dec, to be down over 10% in the first 2.5 days of 2022 is just demoralizing. The market is doing it’s best to try and make me cry “uncle”, as its very tough seeing every holding I own dropping significantly day after day, after already having been down a bunch (today I hit down 40% from ATH just 2 months ago). I’m hanging in there, but trying times, to be sure… good luck to us all.