We liked the cloud-based accounting platforms announcement last month as they outlined a more balanced approach to growth moving forward i.e. gone are the days of growth at any price (GAAP). This is one position we held too long when markets revalued growth stocks as rates surged higher but now we plan to be patient as a recovery ensues, ideally locking in a small profit closer to $100, or 8-10% higher.
- We believe XRO will follow US tech higher over the coming weeks and test the $100 area.
MM is considering trimming our XRO position in the $100 area
Add To Hit List
