5/23/24 - $intu - probably a beat, but this horse is exhausted
5/23/24 - vrockstar -
INTU
- great name, obviously, but nearly 40x earnings is a tough spot for me to get excited. one interesting chart is if you plug in "INTU/QQQ" to your trading view and notice the stock hasn't broken out vs. the nasdaq (it's traded flat at best) for the last 5 years (since 2019). that's to say, it's great performance, but if you're looking at longevity of px exposure to the upside, this might not be the best horse unless you're a diversified investor (and that's not my approach, i go large on single names that can offer outsized returns).
typing these notes to myself so i don't have to repeat work when i come back to them - but sharing these days in case they're helpful.
sidelines for me on this one, gl to the owners. the risk/reward simply doesn't make enough sense for me to believe i should be buying here into the print
INTU
- great name, obviously, but nearly 40x earnings is a tough spot for me to get excited. one interesting chart is if you plug in "INTU/QQQ" to your trading view and notice the stock hasn't broken out vs. the nasdaq (it's traded flat at best) for the last 5 years (since 2019). that's to say, it's great performance, but if you're looking at longevity of px exposure to the upside, this might not be the best horse unless you're a diversified investor (and that's not my approach, i go large on single names that can offer outsized returns). typing these notes to myself so i don't have to repeat work when i come back to them - but sharing these days in case they're helpful.
sidelines for me on this one, gl to the owners. the risk/reward simply doesn't make enough sense for me to believe i should be buying here into the print