Friday File: Overvalued Holds (and a Sell), plus more Video Games

by Travis Johnson, Stock Gumshoe | September 4, 2020 5:51 pm

Real Money Portfolio updates on DocuSign, Fairfax India and more...

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Source URL: https://www.stockgumshoe.com/2020/09/friday-file-overvalued-holds-and-a-sell-plus-more-video-games/


14 responses to “Friday File: Overvalued Holds (and a Sell), plus more Video Games”

  1. jurejurcevic says:

    Nice mate, i like EA and ATVI as well. Can you please update PDF format of Real money portfolio. Thank you!

  2. viktor69 says:

    Surely telemedicine is here to stay, it is still in its infancy and technology will provide many more enablers which will adding to the cost advantage. If Tdoc or others will dominate nobody knows, yaboo was once dominating the internet space…

  3. steveflick says:

    I like most your investment thinking in two paragraphs starting with, “My preference is to invest in companies, not stocks, and I have to understand them as businesses and be comfortable with management’s strategy and their operational progress…….”. Once again, Thanks Travis for a great article.

  4. Shaun says:

    Thanks Travis, fantastic as always.
    As you’ve just dissected two of my holdings i thought i’d share my experience this week. I bought a small amount of Docusign after you covered it last year and i’ve got to admit i wasn’t 100% convinced (i couldn’t understand the moat) but then I noticed the company i work for using it and as they use adobe for everything else i decided to take a nibble. This week i had my first “spiffy pop” on the stock and sold my initial investment so i could play with the house money so all good. As an added bonus i can now listen to the rule brakers podcast and feel like i’m in the club!
    Then there is fairfax india, when i first read your findings on it i was immediately convinced, i did my own research and after spending a week looking at the numbers as well as speaking to a large number of indian IT specialists at work over the following weeks (who all flew from Bangalore) i got even more excited and added more it just seemed to me like the whole of the area was ready to explode and then everyone would wake up to this fantastic oportunity. The valuation was reasonable and i thought that particulary with the US/China issues there was massive upside to india for US trade, I just couldn’t lose ( i even bought more in the March drop in favour of Fastly)
    So what have i learned? Firstly i’m useless at picking winners ( I should also add i bought clean-tec as well three years back as i wanted to get into the EV space and that ended up being your turkey of the year two years running ) secondly momentum/ fashionable stocks can currrently beat any valuation metrics and thirdly thank god i am somewhat diversified and also own Walmart, NVidia, Etsy, Sea Ltd and Paypal which have still allowed me to be up quite a bit for the year.
    Thanks once again for your analysis and words of wisdom you really are a star ( and I promise i won’t mention clean-tec again until its a $100 stock )

  5. tankiki says:

    Hi Travis, I have a simple question, you mentioned earlier in the article about selling Docu in prior days and we knew about it… “ DocuSign (DOCU), which you already know I sold a chunk of a couple days ago”. Do you normally send a trade notice email or some sort of notification of your trading? If you do, I have missed them. Otherwise, Would checking your Real Porfolio regularly would tell me your daily trades? all…( I wanted to sell Docu on Tuesday) as I thought the pike was too much but didn’t and now suffering of the indecisiveness… If I knew you sold, that would be a good indication that my suspicions were supported and I would have sold. That why I am curious if I miss any post) thank you so much!

  6. bunion132 says:

    Travis, since video gaming companies are very much in your radar, can you share initial thoughts on the upcoming IPO for UNITY SOFTWARE? My Inbox is a-buzz with news on its S-1 filing with the SEC about 2 weeks ago (Aug 24) with the ticker symbol-to-be “U”, but an IPO date has not yet been set.

    All I know is that Unity is the video game engine/platform developer behind over 50% of mobile games existing today with an impressive list of customers including EA, ATVI, NTDOY, TCEHY & ZNGA. Apparently, Unity is not a SPAC but I can’t seem to find info on Venture Capitalists behind it. Is there a way of “playing” this stock pre-IPO?

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