Comment Update: Chegg
About two weeks ago we noted that Shopify had become our first ever ten-bagger. Well today, it has become our first 11-bagger, demonstrating, I hope, the incredible power of compounding.
Another stock that has been a big winner for us is Chegg, which we made our Stock of the Month back in October. It was a time when SaaS companies were taking a particularly hard hit, as the trade war threatened global growth. As I write this, that investment has netted us a tidy 37% return in just three months. We won't take a victory lap just yet, however, we have decided to update our comments on the company. You can find our latest write up by clicking on the stock icon below.