Short
6/5/24 - $smar - sector and factors keep me sidelined here too
6/5/24 - vrockstar - $NYSE:SMAR - gawd it's so hard to buy 4x ev/sales even w/ high teens growth, inflecting opex leverage when you look at mid 30s PE, high dilution (stock comp issue/ not real cash generator)... and ALL THE COMPS GETTING REKT in this size/domain (biz optimization let's call it). charts just all match each other with slightly different variation - and it's clear who the market is consolidating into, and they typically are growing 30% or more top line all else equal. so guys while there's a px we probably do buy this, and maybe you have a nuanced POV on earnings in this case that i don't - the risk remains probably to the downside in the week/s month/s ahead so i keep a target to consider owning this closer to the $30 or below level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.