7/21/24 :: VROCKSTAR :: 
CDNS
Staying on the sidelines into print
- almost 50x PE for growing 20% this year and next. that's just too expensive for my taste.
- fcf yield (round up about 2%) growing 20% is reasonable and no dilution issue - but certainly not cheap
- suffering on it's nasdaq pair (as are all semis)
- I think the semi factor is what keeps me most concerned. good prints are getting dumped. what happens if there's a mediocre print nevermind a miss (not my base case).
- technically broke support on the 200d not good if we can't hold above it. even a beat probably retests these recent lows at some pt later in the year.
- just don't see the r/r for punting here.
have a good week my fam. i'll comment on as much as i can as EPS boots off but will be in nashville for the btc event. back at my seat next week.
V
CDNSStaying on the sidelines into print
- almost 50x PE for growing 20% this year and next. that's just too expensive for my taste.
- fcf yield (round up about 2%) growing 20% is reasonable and no dilution issue - but certainly not cheap
- suffering on it's nasdaq pair (as are all semis)
- I think the semi factor is what keeps me most concerned. good prints are getting dumped. what happens if there's a mediocre print nevermind a miss (not my base case).
- technically broke support on the 200d not good if we can't hold above it. even a beat probably retests these recent lows at some pt later in the year.
- just don't see the r/r for punting here.
have a good week my fam. i'll comment on as much as i can as EPS boots off but will be in nashville for the btc event. back at my seat next week.
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.