From the horses mouth...
By Jim Cramer | Apr 30, 2015 | 8:59 AM EDT
MSFT to buy CRM--seems just plain made-up right now
Short this back to $65 boys before Benny sells his shares on this pop.
If there is one guy he sucks up to it's Benioff...
TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio said, "Marc [Chairman and CEO Marc R. Benioff] just told me that he simply doesn't comment on rumors. I would find it odd that he would want to sell the company. He's building a new 60 floor tower to put his people under one roof. He absolutely loves his company. He is a tough competitor."
Cramer continued, "Of course anything's possible and Marc has said he will do what's right by his multiple stakeholders but that doesn't mean he's anxious to sell, at least to this observer. True, competitor Oracle (ORCL) just did a big bond deal. True, Marc met saw some execs at Microsoft (MSFT) today because they were in town for an analyst meeting. Beyond that all is speculation and rumor-mongering and I am not going to do either about this company because it would be based on no knowledge of any deal."
By Doug Kass | Apr 29, 2015 | 2:57 PM EDT
Given its size, I dont believe the Salesforce story - but one can never know for sure.
Taking a small short in CRM at $76.40.
Position: Short CRM small
Ski daddy is going downhill.
Just like there were to be 20 Apple imitators and 2o Netflix imitators ...blah blah blah. Past that stage bro. Cover before you get hurt.
Call his show and thank him. He is waiting for your call.