Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team 1.On 5/6/24 in the AM report you stated: Life360 $15.46 "We like the risk/reward towards Life360 back below $14 - We can see ourselves covering 360 further through 2024 and potentially owning the stock." Life 360 has fallen below $14 as low as $13.30 - Is it still your view to buy below $14? 2. ZIP has been on your Emerging portfolio Hit List. At what price will you be pulling the trigger to buy? regards Debbie
Hi Debbie,
It’s very important to remember we run “real money” portfolios with our Active Growth Portfolio holding an average of 20 stocks hence for us to buy 360 we need to sell something else and in this case, it would most likely need to be in the Tech Sector, or directly correlated names.
We like these 3 holdings and don’t plan to switch to 360 at current levels although we do like the location app operator ~$14.
The same thing applies to ZIP with our Emerging Companies Portfolio only holding 5% in cash, but we do like it ~$1.30.
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