Rate Of Return【Day 9】Reevaluating my portfolio
#MyInvestmentDiary
Operation: Buying a little Salesforce and looking to sell once it gets above my cost price
Reason: Software stocks have taken a beating and fallen aggressively which makes it a good entry point. However, I'm not particularly sure I want to stay in this industry for long.
Insights: Software stocks like Salesforce recovered slightly but are still way down from where they used to be. Salesforce recently made an aggressive share buyback but they had to take on a loan to do so. This is not positively bullish as they are not using free cash flow to do so, but rather taking on loans which have higher default risks. Hence I'm looking to sell once I break even.
@Bridge Buzz SG
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