Trade Alert: Bought Samsara (IOT) $33.75

Initially recommended on 04/23/2024 as the largest pure play in the IoT tracking business, the company positions itself as a cost saver and fast return on investment with higher safety, fuel savings, lower insurance premiums and so on. It has a subscription model for recurring revenue, and is getting 52% of business from large customers with over 100K in annual recurring revenues. The stock had shot to over $40, before coming down and with this lower price looks very attractive. I plan to hold it for 3-5 years. Quarterly results are out tomorrow and a reminder that this still an emerging growth story and has just become cash positive so expect some volatility.