We have held XRO since 2020, and the position has served us well, with a few dips along the way, as is to be expected from high-valuation growth stocks. The online accounting business has impressed us over the last year with how it has blended growth with improving earnings. The stock is not cheap but it is growing into its valuation. We are considering increasing our position, demonstrating that we are happy to add to winners as well as losers.
- We like XRO from a risk/reward perspective below $160: MM owns XRO in our Active Growth Portfolio.
MM remains long and bullish XRO
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