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Salesforce.com, Inc Message Board

rastarich 76 posts  |  Last Activity: 12 hours ago Member since: Dec 22, 1998
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  • rastarich rastarich 12 hours ago Flag

    I definitely would never attempt to justify a price. Nor do I have any clear idea of what will happen six years from now.
    But here are some guesses. Numbers are not consistent with each other.
    share price: 2020 low - $110, 2020 high - $140 (with no splits)
    revenue between 12 to 24 billion
    earnings: GAAP 1 to 4 billion, non-GAAP 4 to 8 billion .
    P/E - non-GAAP - low 20, high 25
    float : 755 million shares (with no splits)
    Price/Sales : low 6, high 8
    They do not report "marketing costs". Obviously, for profits to increase, expenses as % of revenue must come down.
    BTW, it is clear that Salesforce is addressing the enterprise IT market. I am guessing they will achieve good results but will not become #1 by 2020.

    Sentiment: Strong Buy

  • rastarich rastarich Apr 14, 2014 7:06 PM Flag

    hey, by posting a fact you will just aggravate the loser shorts! They will post ridiculous BS in response!

    Sentiment: Strong Buy

  • Reply to

    Bad Accounting???

    by cuznbruce1 Apr 10, 2014 10:58 PM
    rastarich rastarich Apr 14, 2014 7:04 PM Flag

    funds = 5 billion this year. 6 billion + next year. Yes, they can rent some rooms , and hire some workers.

    Sentiment: Strong Buy

  • Reply to

    54.05

    by rastarich Apr 8, 2014 11:10 AM
    rastarich rastarich Apr 9, 2014 12:21 PM Flag

    i listed a small selection of the insane lies in the original post. if you didn't post them, ok.

    Sentiment: Strong Buy

  • Reply to

    54.05

    by rastarich Apr 8, 2014 11:10 AM
    rastarich rastarich Apr 9, 2014 11:22 AM Flag

    So absurd. Nobody is required to respond to anything. Say something worth hearing and maybe I'll respond.

    Sentiment: Strong Buy

  • rastarich by rastarich Apr 8, 2014 11:10 AM Flag

    Yet another buy. Could've done better.

    Sentiment: Strong Buy

  • rastarich by rastarich Apr 7, 2014 10:06 AM Flag

    All the dummy CRM-bashers talking here about SEC investigations, criminal enterprises, Ponzi schemes, deteriorating business, huge problems with competition, greedy CEO, etc. etc. etc. are lying, lying, lying. They have set a new record for the stupidest BS ever posted. Let the reader beware: the bashers have been wrong for ten years, and they are posting utter nonsense and lies.

    Sentiment: Strong Buy

  • Reply to

    First buy

    by rastarich Feb 28, 2014 12:45 PM
    rastarich rastarich Apr 1, 2014 4:59 PM Flag

    How foolish. CRM is generating more and more cash all the time. They are in no danger of running out of money. Your "reality" is an ignorant fantasy. If competition were as easy as you think, it would have happened already. Instead Salesforce gained #1 market share in CRM, and, also became #1 in service centers last year.

  • Seems like old times, Salesforce is rising
    Seems like old times, a little surprising
    And It's still a thrill just to be up three percent now
    Still the thrill when the shorts all have a cow

    Seems like old times, like a mo-mo again now,
    Seems like old times, rolling in gold times just like then, now,
    And It's still a thrill just to be long and ignore GAAP
    Still the thrill as it tacks on more market cap

    apologies to Guy Lombardo and the entire Schaeffer Dance Tent

    Sentiment: Strong Buy

  • Reply to

    Avoid the pumps

    by everfoxy Apr 1, 2014 8:27 AM
    rastarich rastarich Apr 1, 2014 9:34 AM Flag

    keep saying ":no earnings." Duh!

    Sentiment: Strong Buy

  • Reply to

    Buy Buy Buy

    by rastarich Mar 25, 2014 1:55 PM
    rastarich rastarich Mar 27, 2014 2:50 PM Flag

    aha, I see your point: when the price goes down, which has been rare, it is a correct reflection of rational thinking ; but when it rises, some sort of conspiracy is deliberately manipulating prices. Utter folly.

    Sentiment: Strong Buy

  • Reply to

    Buy Buy Buy

    by rastarich Mar 25, 2014 1:55 PM
    rastarich rastarich Mar 27, 2014 2:47 PM Flag

    He or she might; but an investor with a long-range plan will not sell at 55 after new highs at 65. An investor will not change belief in future prices unless the basic point of the stock changes. Nothing has changed for the worse. For the better in fact: as more and more entrants crowd onto the field, Salesforce continues to receive premium prices for the best product, while the others scramble for the crumbs. As weaker products drop out and leave their users stranded, the leader will look more and more like the only sensible choice.

    Sentiment: Strong Buy

  • Reply to

    Buy Buy Buy

    by rastarich Mar 25, 2014 1:55 PM
    rastarich rastarich Mar 27, 2014 11:54 AM Flag

    responded in your other thread. Only adding : You predict "likely to drop soon". I disagree, so I bought what others sold. If it does drop, I will buy more. i am firmly convinced that I have a "growth put": within a few years, SFDC will have a share of the IT industry as big as anyone, and a market cap to match. And the "invisible hand" will force management to make profits. If I were Carl Icahn, I would forget Herbalife and make some real money right here.

    Sentiment: Strong Buy

  • Reply to

    Buy Buy Buy

    by rastarich Mar 25, 2014 1:55 PM
    rastarich rastarich Mar 27, 2014 11:46 AM Flag

    GAAP is a compromise attempt to report all companies in a consistent way, but the effect of exceptional situations has to be understood.
    Why discuss what you "know about" me? It's an ad hominem argument & holds no water. I have been consistently right about CRM stock price for many years, on this board, but that also proves nothing about my predictions.
    I never said that GAAP never matters. The point is, all of CRM's stock-based "expenses" have occurred by dilution. So the per-share numbers have the full effect built in. So taking those expenses is "double-counting". So, numbers that back out those expenses are more informative than GAAP numbers. As all the pros know.

    Sentiment: Strong Buy

  • Reply to

    There are two weird things on this site this morning

    by everfoxy Mar 26, 2014 10:53 AM
    rastarich rastarich Mar 27, 2014 11:38 AM Flag

    The traders have taken their profits. So far, no facts support the idea that institutions are selling. Shorts have increased according to WSJ. Yes, longterm holders have huge profits to take. But if they held at 65, why would they sell at 55? Investors sell when their thesis has changed. No important change has occurred. Everything about the company is exactly as expected, but better.

    Sentiment: Strong Buy

  • Reply to

    Buy Buy Buy

    by rastarich Mar 25, 2014 1:55 PM
    rastarich rastarich Mar 26, 2014 8:21 AM Flag

    Yes, bearish, until it ends. At this point the price is 20% below highs, so most traders have no profits to take.
    WSJ shows shorts increasing from 2/28 to 3/14, and, short ratio on 3/14 was six days. So, there was a lot of covering near the highs, which agrees with your idea. But as shorts increase, the next squeeze sets up.

    Sentiment: Strong Buy

  • rastarich by rastarich Mar 25, 2014 1:55 PM Flag

    I have done half of my CRM buys so far: 61, 58, 56. I think the recent action is profit-taking, and I think it is almost finished, unless the market overall craters. (And I think it could, especially if there is a shooting war in Ukraine, or civil war in Egypt). Other than that, I expect new highs within a year.
    And for the last time: Salesforce has huge profits. GAAP accounting hides them under paper expenses.
    If the share price stays down, most of those paper expenses will shrink, and some past ones will be reversed, and the next GAAP earnings will be hugely improved. And, professionals will know that the GAAP numbers are irrelevant, just as they have known for years.

    Sentiment: Strong Buy

  • Reply to

    CRM 15 % off the highs and heading lower.

    by benchmarkvit Mar 21, 2014 10:40 AM
    rastarich rastarich Mar 25, 2014 1:44 PM Flag

    Last fall the company was 15% smaller. So the current area of 57.50 is a more likely stopping place.

    Sentiment: Strong Buy

  • Reply to

    Cramer crying again on CRM today

    by topper9876 Mar 24, 2014 9:10 AM
    rastarich rastarich Mar 25, 2014 1:41 PM Flag

    What a nutty idea. He is very wealthy from his CNBC jobs and his books and his time as a hedge fund manager and his role in the "thestreet" website . It would be insane for SFDC to pay him, or for him to accept. Anyway, SFDC has nothing to gain from manipulating the stock price.

    Sentiment: Strong Buy

  • rastarich rastarich Mar 25, 2014 1:37 PM Flag

    Were you listening? He said that Splunk is likely to keep going down, partly because holders still have plenty of profits to take. CRM OTOH has rapidly rising non-GAAP earnings.

    Sentiment: Strong Buy

CRM
56.10+0.12(+0.21%)Apr 17 4:00 PMEDT

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