Chief Investment Officer at Bryn Mawr Trust
Member since: Mar '21 · 24 Opinions
Remains a stock that performs in a weak economy, which he expects for late this year. Since 1990, has outperformed in recessions. Subscription revenues now stand at 43% of overall and growing faster than overall. It's resilient. Valuation is fair and pays a decent dividend.
There's no reason why this stock can't go higher, but worries about it in another risk-off environment, which he thinks will happen in coming months. It's traded in $200-300 for a while with $225 as the next level. But there are a ton of cross-currents it faces--lowering prices, decent demand in US, but potential issues in China (suppose Chin's economy contracts). Shares are still in a downtrend, but will revisit it when that trend changes. He's been wrong about Elon Musk before. $