Non-purchase of DOMO despite 10% dip

Reasons for non-purchase

• Macro economic environment is still uncertain given US/China Trade war where leaders are set to meet during the 28th-29th June 2019 G20 Osaka summit.
• US Treasury yield curve is currently inverted signaling a forthcoming recession
• DOMO share price has been on a steady trend for past 3 months.
• Competition purchases
  • Google has recently purchased Looker
  • SalesForce has recently purchased Tableau
• Financials
  • Cash and cash equivalent is down by more than 50%
  • Total assets is down by more than 10% while total liabilities is down by only 3%

Related References

• https://www.fool.com/investing/2019/06/07/why-domo-shares-plunged-today.aspx
• https://www.globenewswire.com/news-release/2019/06/06/1865628/0/en/Domo-Announces-Fiscal-2020-First-Quarter-Financial-Results.html