IOT

Samsara

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-$12.57 -50.87%
1 of 4
My $IOT $STEM trades
First new positions in a while!

Transaction journal entry for $IOT:
Only executing 2/3 of my normal initial position to have some skin in the game. Will add the remaining 1/3 if company continues improving gross margins and FCF/Sales, management continues to beat Q guidance and maintain for raise FY guidance. Also watching operating margins, ARR, customer count (primarily >$100K ARR and >$1M ARR).

Valuation metrics at time of purchase:
Trailing P/S: 11.7
Forward P/S: 8.0
PSG: 0.09
P/FCF: Negative
P/GP: 16

Transaction journal entry for $STEM:
Only executing 2/3 of my normal initial position to have some skin in the game. Will add the remaining 1/3 if company continues improving gross and operating margins and FCF/Sales. Feels like this company is on the precipice of really taking off. Revenue growth up massive last two years while gross margins have gone from (19%) in 2019 to (11%) to 1% to 11% through first 6 months of 2022. Plenty of operating leverage ahead of them. Services revenue must accelerate. Also watching their bookings, backlog, 12-month pipeline, and contracted ARR.

Valuation metrics at time of purchase:
Trailing P/S: 13.0
Forward P/S: 3.9
PSG: 0.02
P/FCF: Negative
P/GP: 202
Very hard to have any sort of productive discussion on twitter, I give up, Long $ASAN
I posted a comment similar to this last week here. Twitter sucks absolutely terrible now. I use Commonstock way more lately
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$IOT Samsara killing it
Q2 revenue of $153.5 million, 52% YoY growth
Ending ARR of $662.8 million, 52% YoY growth
989 customers with ARR over $100,000, up 61% year-over-year

My first deep dive 6 months ago -
Top Gainers Today
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Tell me your moat is widening without telling me your moat is widening
Long $IOT
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Such an interesting company. I've looked into it but haven't initiated a position. Avoiding stuff lately that has a lot of FCF burn but this is at the top of potential adds for me.
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My $IOT - Samsara thesis
Samsara is a special place with a truly differentiated platform, culture, and strategy. They have a massive opportunity to capture and they are showing no signs of slowing down. They are a true partner of their customers and their rapid innovation, product cadence, and customer feedback loops coupled with a strong strategy and moat make Samsara a truly exceptional business!

Subscribe at https://www.moderngrowthinvesting.com/samsara/ for a full deep dive!
Samsara - $IOT - Launches Integrated Solution with John Deere - $DE - to Digitize Farming Operations
With this new integration, data from Samsara Vehicle Gateways on support vehicles, including vehicle location, heading, speed, and fuel levels, is available on the John Deere Operations Center™ map, an online farm management system that enables access to farm information anytime


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