jaanalisette
Just over three months ago, in early March of this year, I decided to upgrade shares of Twilio (NYSE:TWLO) from a ‘sell’ to a ‘hold’. Prior to that point, dating back to an article published in November of 2021, I had been rather bearish about the firm. That bearishness turned out to be accurate, with shares of the company plunging 81.4% at a time when the S&P 500 was up 7.9%. When I decided to upgrade the stock, this was based on improved fundamentals. Revenue was continuing to grow and the company was quickly racing to break even from a profitability perspective. Cash flows were also growing at a nice clip.
Since that article was published, however, the stock has continued to see downward pressure. Although far better than what was seen prior to that, shares are down 6.8% compared to the 3.8% increase seen by the S&P 500. While I am not totally shocked by this, given some of the problems the company has, I…
