We Are Removing Blackline (BL) from Investing Ideas

08/03/18 10:03AM EDT

Below is a note written by CEO Keith McCullough on why we're removing Blackline (BL) from the long side of Investing Ideas today:

I added Blackline (BL) to the long side of Investing Ideas when I had a different macro and Tech sector outlook (we were in Quad 2 in Q2, an environment of Growth and Inflation accelerating in our model). So, today, with my macro view that we’ll be in Quad 4 (Growth and Inflation slowing) by the 4th quarter of 2018 (and BL reporting a solid quarter that we can sell into), I’ll remove the name from our Top Investing Ideas long ideas.


***No change to Technology analyst Ami Joseph's fundamental thesis on Blackline. Click here to read our analyst's original report on the company.

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