Quarterly earnings commentary for ASPN, META, SMCI and UBER
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As of today, 9 of my investment portfolio companies have reported earnings — most of them are reporting for 2023 Q4 however a few are on different fiscal years and therefore are reporting FY2024 numbers ie SMCI which reported FY2024 Q4 numbers a couple weeks ago.
My investment strategy is to own 20-30 of the best growth stocks with the best fundamentals at the most reasonable valuations — if the fundamentals begin to disappoint or the valuation no longer looks compelling then I’m trimming or selling my position. I don’t own stocks, I rent them, and I keep renting them as long as the fundamentals still look good, the valuation still looks good and my investment thesis still looks good. I want stocks that have at least 50% upside within 1-2 years and at least 100% upside within 3-4 years. If I buy stocks that are too expensive or the fundamentals aren’t good enough or my investment thesis is weak — I’ll never hit my investment targets.
I already did a detailed earnings analysis for SMCI on January 29th which you can read here…
In case you have not been paying attention, SMCI is now up +172% YTD which is certainly contributing to my 58% YTD performance.