In addition to the revenue I checked to see where CRM has traded in the past three years relative to its operating cash flow. The story is basically the same. At the end of 2010 it traded at 48 times operating cash flow. This was the highest ratio it ever traded in the past three years. At the beginning of 2012 it traded at 23.7 times operating cash flow. The average operating cash flow ratio is 35.85. It's currently trading at 41.1 times operating cash flow. It seems very unlikely that we are going to see the 48 ratio again, but it could easily trade back down to the average which would put the price at $148. This mean reversion trade is just another piec of the story that says this stock should trade lower so I agree with the comment on the other thread that says they are looking for a $140-150 type range. I'm looking for $150-155 to exit my trade.
This company is simply a fraud however none of this matters till it does....You can see with the paid pumpers on this thread being employed by either wellington or fidelity....The same frauds were touting GMCR when the insiders were unloading over 110 awhile back...A simple fraud is all Benihogg has ever been in the cloud...The cloud is the biggest GROWTHfarce that simply doesnt earn money for shareholders but that really doesnt matter TILL IT DOES!!!