No, Salesforce does not have an accounting firm. They follow "Benioff Accounting Principles" exclusively, and therefore they don't need no stinking outside, independent accountants. Besides, only Benioff understands BAF, and BAF changes quarterly. If needed, they charge monthly.
Baba has revenue and profit growth to support its price. JD seems to only need revenue growth. JD doesn't seem as interested in profit as much as Jack Ma. I'm staying with Baba. Bought at $64 and $66 and will likely add sometime this year.
If you think it's headed to $90, you should be buying now. Just because you missed the bottom shouldn't keep you out of the game.. Catching the bottom is as much luck as skill.
"Hubris is not cheap" is a perfect fit for Tesla and Elon. Also a perfect fit for SalesForce and Benioff. In a different era both of them are snake oil salesmen or carnival barkers. Whatever era they found themselves in, they would end up wealthy.
Agree with you that most Analysts do not provide information about "which" p/e they are using. By default, it should be based on last 4 quarters of GAAP earnings, but we all know that is not what happens. Frequently, and without disclosure, the Analyst will use non-GAAP earnings or estimated future 12 months earnings which also could be gaap or non-GAAP. It's a mess, and our SEC doesn't care.
I'm a shareholder and think Baba is worth more than$80 per share, but your growth rate projections are not realistic. Tiny companies can do 30 - 40% for five years. Baba cannot.
Pretty simple explanation, and I agree with you. Even small yields give indication of the board and management confidence of the future. Would be a bit unusual for a growth company like Baba to do so, but I think it would be a positive to stock price.
On a p/e basis, Chinese stocks are much less expensive than USA companies. Additionally, China GDP is growing over 6%, while we are stuck at 2%. I think reward/risk favors China.
Geez Richie. I'm talking about a .50¢ a share dividend which will be about 10% of Baba's earnings. I'm not suggesting restricting growth in any meaningful way, just reassure the investing public that it is a stable company. Most investors like some dividend and I think dividends automatically put a board of directors in a certain state of mind. Meaning that dividend declarations might keep them from getting too reckless with acquisitions. You seem knowledgeable, but you need to lighten up.
You forgot to add "BREAKING NEWS" to your topic headline.
Yes, it does concern me. History tells us that companies with unusually large amounts of cash in the bank overpay for mergers and acquisitions. However, with their growth rates I feel comfortable because of relatively low p/e ratio.
Dollar also strengthened over the past 6 years as we printed money like it was mere paper, so I don't know what to think anymore. Seems like the old rules don't apply. I do know that I'm staying with emerging markets even though that has been the wrong place to be since 2009.
This reminds me of the Beanie Baby craze and the baseball card frenzy of years past. More money and higher stakes, but the mindset of participants has similarities. I'm sitting on the sidelines and find it kind of amusing. That Musk character is part genius and part huckster. Will be interesting to see where it ends.
tpass, I went through similar situation with Wells Fargo. WF also agreed to my request to take shares instead of cash. Turned out that WF thought I was talking about the regular dividend paid by AMX, not the special dividend coming as a result of the spin-off. As a holder of AMX Adrs, we had no choice in this matter.