Want to wait for them to start flying, to see if they can do it. It’s not an easy business. Comes down to management. You might be OK, but there are easier ways to make money.

Likes management, it’s smart. But you’ve missed it. You have to get in early, wait for the pop, and then sell. Wait and see if they can deliver numbers. Until they do, you don’t want to be long.

Nice little tech company and nice tendency to surprise investors. OK to hold and not worry about the short-term fluctuations. Where it is now, at 20x forward earnings, is a reasonable price.

One of the best run tech companies. Growth by acquisition. Not cheap at 35x earnings. Beautiful chart. Top-drawer management. If you’re not worried about the valuation, it’s fine to own it.

Doing good job of trying to backfill ridiculous valuation. There comes a point when someone is going to say “Do you make any money?” Same as the tech boom. Keep this in mind, it’s important.

BUS vs. GPV. Swapped out of BUS for GPV. There’s a lot of money flowing into this space. Some of the emissions scandal money is going to school boards to buy busses. Chart tells him that there’s no rush to get back in. GPV has more upside in the short term. GPV is volatile, but has done well. Also a great management team, who have put a lot of their own money in. Anticipates announcements on GPV’s order book.

BUS vs. GPV. There’s a lot of money flowing into this space. Some of the emissions scandal money is going to school boards to buy busses. GPV has more upside in the short term. It’s volatile, but has done well. Great management team, who have put a lot of their own money in. Anticipates announcements on GPV’s order book.