Stock price when the opinion was issued
Likes the company, but has never owned the stock. It's always been screened out because of valuation. Trading today at 53x PE on this year's earnings. Great business model, and the street recognizes that.
You have to look at these companies in terms of what can go wrong. If you go into a sustained, negative economic period, there's going to be a lot of hurt on a company like this.
Well, that's about his position in this name, which he's been holding since ~$300. Now approaching $1000. He trims, but in a minor way. You'd want to wait for a position to top off.