Buying Atlassian (TEAM) @$138.82

Atlassian sells collaboration software platforms for project management, communication, and content creation — helping teams work better together.

Thesis:

I lopve big tech companies that most people haven't heard of. It turns out collaboration software is a big thing and Altassian is the big leader in the space.

Market cap - $40B

I like the SaaS model.

Atlassian added 6,000 new customers in the quarter.

Total customers - 170,000

Revenue growth strong 33-39% year over year

Posetive cash flow and no debt.