Friday, 31 January 2025

Bye bye Raspberry Pi

Drove my Chevy to the levy, etc..

I bought Raspberry Pi at 372p in October and just sold at 726p, for a 95% profit in 3 months.

I still like the company, but I thought it was expensive when I bought the shares.  There's been some mildly positive news since then, but nothing to warrant them almost doubling.  

A P/E ratio well north of 50, for a company that still has all the headaches of being a manufacturing company?  Having to worry about stock levels, chip shortages, and all the rest of it?  Sure, I expect them to grow over the long run, but there's an awful lot of growth already priced in.

This is the first time I've sold a share since Plus 500 in 2018.  On that occasion I bought back in 15 months later at less than half the price.  I'd be very happy if the opportunity arose to do the same with RPI.

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