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@gkotak
Gaurav Kotak @ Fincredible
$34M follower assets
Product management/marketing leader @FincredibleAI @Showpad @Gainsight @Marketo @Successfactors. Investing both in startups as well as public equities for over a decade.
88 following287 followers
Could you please fill out this 5-minute survey? (will take <5 mins)
Hi everyone, I have a favor to ask. I'm looking at potential ideas for my next startup. One area I'm looking at is building an audio app for the workplace. It's not directly related to investing (but perhaps some overlap). Nonetheless, I'd really value the community's feedback.

Could you please take the survey at https://tinyurl.com/Audioappsurvey. It should take less than 5 minutes to fill. Much appreciated. Thanks!
tinyurl.com
Work Audio App
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Debt terms?
Does anyone know the easier way to find the terms (maturity, interest rate) of the debt that companies may have? Tx

As interest rates increase, need to be more cautious with companies with debt, especially with variable rate / shorter terms.

A quick search and I think the companies 10-Q may have some of this information but truthfully I’ve never seen it broken out in much detail (granted I haven’t looked that hard personally)
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@nathanworden Commonstock product team is the integration with Interactive Brokers Pro working. I've tried connecting my portfolio. Go through all the steps and then nothing happens. tx

Unfortunately no, Interactive Brokers still has not updated their connection, so for now nothing will happen when attempting to link with IBKR. I will check in about removing the IBKR link option in the meantime so there isn’t confusion.
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Silver lining and margin?
One of the good things about this selloff is I feel less bad about selling most of $TWLO stock around $130 in early 2019 :p

On a more serious note, I typically don't trade in margin, but IBKR offers 2% margin interest and I'd obviously go nowhere close to getting a margin call.

I'm already around 5% in margin, and am thinking of expanding to around 50%. My buying power allows till 300% I believe so very safe in terms of margin call issues and okay with the interest expense at 2%.

Any thoughts? Should I pull the trigger? I'm salivating to buy more high-quality SaaS at these prices.


I stay away from any form of margin trading personally just to avoid putting myself in a position where I might coerce myself into getting carried away, but to each their own. Stick to some rules and stay nimble if so!
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$ESTC - strong quarter. Stock down. I'm buying!
$ESTC is a fantastically innovative company. They have a great quarter with most important metrics improving. (Bookings down a bit but that's only because their move to cloud = more monthly contracts that have no 'billings' associated)

They've raised their guidance over $20M since last qtr and over $70M since Q1 qtr. Beast!

With the 75% growth in cloud which is now >30% of total revenues, there seems to be significant tailwinds of growth. BTW TAM is huge and they just settled with Amazon where latter can no longer use 'Elastic' open-source trademark, which caused confusion.

This stock has gotten hammered (like most) but also since their founder 'stepped down from CEO to focus on what he does best - be CTO. And their CPO who is a seasoned exec, was promoted to CEO. I view this as at worse neutral, likely positive.

Of course, the stock is down after earnings. I'm already down ~20%. But now they trade at <7x revenues. Imo, this is a mouth-watering prospect. I'll be tripling down here (bought some today and will over the next few weeks just coz of macro uncertainties)
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$SHOP and/or $BIGC ?
$SHOP has fallen over 60% but still 20x revenue with only a 50% gross margin. Nonetheless, can't deny this company is super innovative in a large TAM.

Also $BIGC in the same category with a skew towards more enterprise (i prefer) and only trading at 4.5X revenues, after their 60%+ price decline. On the surface, seems more interesting as an investment

Commonstock community any opinions?

Ofc, I'm also going to go for a walk and listen to their earnings call back to back on the fancy new Fincredible mobile app (both iOS and Android). Well almost new, since not released yet. Ping me if you want a preview version.

I need to revisit $SHOP not studied it for well over a year, have heard they are going CapEx intensive or something latley. Whats the reasoning there?
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$CRM earnings --> great quarter
One of my top holding, $CRM just announced earnings. Great results, and I just love to be able to look at forward-looking metrics trended side-by-side like this.

Link here. Disclaimer: Powered by Fincredible, where I work.
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Bought some $WKME and $AMPL today
Both play in the enterprise digital adoption space that i am long-term bullish

$WKME is an awesome category with an above-average product. Stock is now cheap at ~4X revenue while growing 30%, after today's 20% drop

$AMPL is an awesome product in an awesome category. Stock fell 50% based on a horrible and confusing forecast (how can growth fall from 65% to 35%, when RPOs are healthy). Ironically stock is still around 8-9X revenue. I'm going to assume a bit of sandbagging, but regardless I think this is a great company to own long term and I'm not passing up a 50% discount even if they 'only grow 35%'

The 3 stocks I'm not buying even though they got hammered in the last couple of days post-earnings

$FSLY Always thought their technology was subpar to $NET and $AKAM and customer concentration. Stock is cheap, but i think company still is below-par

$WIX again stock is cheap, but I'm not knowledgeable enough on this market, especially the impact macro has on the SMBs they serve.

$PLTR I don't get this company or stock. Too mystic. I don't think the 'AI' is all that. It's still not cheap. They are making non-strategic investments etc. I don't think highly of their management. Their customer concentration risk is insane (and yes I'm pretty sure I will get tons of push back on this darling stock:)

Now I'm going for a walk to listen to $WKME call and decide if I want to buy more. and yes of course I'll do this on the Fincredible mobile app (which will be released soon). In the meantime you can use browser at www.fincredible.ai for walk + listens)

Awesome summary. Always appreciate your comments on software and technology. Incredibly valuable insights.
+ 1 comment
VIAC (now Paramount)
First, in a few seconds I could tell how big a focus Paramount+ streaming is to their strategy. See the screenshot below. You can analyze the transcript here as well.

Second, management seems super bullish, like 116 vs 8 bullish to bearish :)

Third, investors don't agree. Stock down 20%+

Fourth, I'm buying what management is saying, hence buying the stock. My favorite time to buy is companies whose long-term strategy I like, but there is a short-term blip. In this case, it's investors who were hoping for this company to get acquired. It still might, but the confidence aggressive strategy = lower odds. Fine by me.
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Portfolio update
Roughly my portfolio. I should note that I can't connect one of my brokerage. As a result, each of the portfolio weight is overstated by around 25%. Also, I have a large investment in $ESTC (~10%) and medium investments in $PYPL and $SPOT (3%ish)
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Great looking portfolio! I like it! A little bit of everything
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