Today I want to update my thinking on the stock I have had the most feedback on since starting this blog- Micro Focus (MFGP). I first bought it in November 2019 at $14, before doubling down at $4.90 last March and tripling down at $3.70 in September. After bottoming out at $2.70 in October, the company has run to $7.50 today, the rapid comeback propelling it into my largest holding (13% of the portfolio), with a cost basis of $5.62/share.
Updating Micro Focus After a Strong Run
Updating Micro Focus After a Strong Run
Updating Micro Focus After a Strong Run
Today I want to update my thinking on the stock I have had the most feedback on since starting this blog- Micro Focus (MFGP). I first bought it in November 2019 at $14, before doubling down at $4.90 last March and tripling down at $3.70 in September. After bottoming out at $2.70 in October, the company has run to $7.50 today, the rapid comeback propelling it into my largest holding (13% of the portfolio), with a cost basis of $5.62/share.