Why We’re Avoiding Sumo Logic Stock

IPOs are coming out of the woodwork in a heated market that defies the imagination. There has been an unprecedented loss in productivity around the globe, yet the markets continue soaring to new highs. In the words of Mr. Dickens, “it was the best of times, it was the worst of times.”

It’s always a challenge figuring out which IPOs are worth writing about when you consider that it’s probably worthwhile to let the dust settle before investing in any of them. Today, we’re going to look at Sumo Logic’s proposed initial public offering as they seem to be doing something similar to Splunk (SPLK), a stock we’ve said some pretty favorable things about.

About Sumo Logic

Founded in 2010, Silicon Valley startup Sumo Logic raised $340 million in funding from big names like Sequoia, DFJ, and Franklin Templeton (one of our core dividend growth stock holdings). The first two sentences of