I today increased my Bumble position at an average price of $5.25 by 233% of a small base.
It’s now approx. 3.5% of the portfolio.
My main reasons are that it is very cheap and there are signs of good execution. It’s certainly a turnaround gamble at this point, but i think risk-reward is highly asymmetric.
In case the price is continuing to come down i am ready to buy more.
I increased my position by 50% at a price of $3.57. It’s now again approx the same size as 10 days ago before it dropped around 33%.
Ready to buy more at lower prices and might consider increasing more even at the current price.
I increased my Bumble position today by 100% at a price of $3.82. It is now 7.11% of the portfolio, the second largest position behind Meta Platforms.
Reasons besides the cheap valuation and everything named in our Bumble overview page include further positive insights regarding CEO Whitney Wolfe Herd and the management team as well as the fact that Hinge CEO just left Hinge to work on this own startup.
More notes on the decision can be found here.
Disclaimer: As always, this is strictly for informational purposes and no investment advice. DYOR. I might change my positioning suddenly for any reason and assume no obligation to update.
A post was merged into an existing topic: Bumble Product Developments
I reduced my Bumble position today by 50% at an average of $3.13 due to a variety of developments, new findings and reflections as can be seen here. I am considering the further course of action but would not rule out exiting the position altogether.
After more reflections and research I decided to close the position altogether at $2.96. Risks are simply too large as of now esp. around execution, competition from Hinge and unclear impact from Ai (More detail in the decision document). And as a general rule if an investment is not a clear yes, it’s a no. I might create an analysis of what went wrong with this investment.
I am again in the Bumble position and detailed my reasoning here.
Going forward i might stop reporting on portfolio changes in real time publicly and share instead with largest contributors internally.