What I Am Buying Today.

[fenders53]

(02-18-2022, 10:19 AM)ken-do-nim Wrote:

(02-18-2022, 09:57 AM)Marknew Wrote: Added that ticker PEGA at $81 since it hit a new low.


Also sold some of my funds i had and use some of the proceeds to buy DUK, CAT, DG and EOG

From the Motley Fool article:

Now what
Pegasystems issued an outlook calling for steady growth ahead, although at a slightly lower rate than Wall Street was hoping to see. Revenue will land at about $1.5 billion in 2022, equating to annual contract value gains of between 22% and 24%.
The company is expecting another year of net losses as it completes its transition to a subscription services business model. But management sees a long runway ahead for improving operating margins and cash flow.

Those factors clash with the sharp stock price decline since late 2021. But that slump has more to do with wider concerns about growth stocks, especially those that have enjoyed pandemic-related tailwinds over the past few years. Pegasystems is enduring just a modest slowdown today even as its financial metrics improve. Continued wins there should eventually support an expanding stock price.

I cringed for you when your CEO failed to provide next quarter guidance.  Trimming a penny or two and taking his chances on a miss would have gotten a better result. It's not like PEGA doesn't often miss earnings anyway.  They just added to the stress for months to come.