Thryv Announces New Sales Leadership Appointments to Drive Growth
New Leadership Appointments: Thryv has promoted Fran Lee to Vice President of North American Sales and appointed Kim Mortensen as Vice President of Global Partnerships and Sales, both aimed at enhancing the company's sales and marketing software offerings for small businesses.
Company Overview: Thryv Holdings, Inc. provides a comprehensive platform designed to help small businesses manage operations and grow through AI-supported marketing and business automation, with over 100,000 businesses using their software globally.
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Laughing Water Capital Achieves 3.9% FY Returns, Outperforming SP500
- Quarterly Performance: Laughing Water Capital achieved approximately 6.8% returns in Q4, bringing its FY returns to around 3.9%, compared to the SP500 and R2000's quarterly returns of 2.7% and 2.2%, respectively, indicating a relatively robust investment strategy.
- Market Comparison: Although Laughing Water Capital's annual returns lagged behind the SP500's 17.9% and R2000's 12.8%, it still maintained positive returns amid market volatility, reflecting its risk management capabilities in uncertain environments.
- Portfolio Adjustment: The fund exited its long-time holding in Thryv Holdings (THRY), demonstrating its keen responsiveness to market dynamics and ongoing focus on optimizing its investment portfolio.
- Performance Detractors: PAR Technology Corp. (PAR) was identified as a significant detractor, with shares down approximately 50% for the year, highlighting the substantial impact individual stocks can have on overall investment performance in a high-volatility market.
Tuesday's Top Performers: Advertising, Home Furnishings, and Improvement Stocks
Home Furnishings Sector Performance: Home furnishings and improvement shares increased by approximately 1.5%, with GrowGeneration leading the rise at 12% and RH at 5.7% on Tuesday.
Market Highlights: The article highlights the performance of specific stocks within the home furnishings sector, indicating a positive trend in this market segment.
Video Content: A video segment is mentioned that discusses sector leaders, particularly in advertising and home furnishings.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
