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salesforce.com, inc. Message Board

skibumdreamer 26 posts  |  Last Activity: Mar 6, 2015 10:28 PM Member since: Sep 10, 2004
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  • Reply to

    52 has held a couple times already.

    by benchmarkvit Dec 9, 2014 8:52 AM
    skibumdreamer skibumdreamer Mar 6, 2015 10:28 PM Flag

    Bump all the old messages you want, this stock is simply over-valued and it's performance against any index you want to pick over the last year cannot lie, under-performance, plain and simple. It's due for a dead cat bounce and the time between quarters is dangerous for any short, as the complicity continues.

    Sentiment: Strong Sell

  • Reply to

    What is Sales Force's PE ? Please tell me !

    by jooneyman Mar 2, 2015 2:02 PM
    skibumdreamer skibumdreamer Mar 3, 2015 11:21 AM Flag

    Rasta - an education for you for free. CRM earns no profits (OK pennies), after adjusting for non-cash item as CRM does, for example stock options are non-cash, one-off write-offs from past overpaid acquisitions are on-cash. All true. But AFTER these adjustments the company makes only pennies per share at best, OK pennies per share in cash if you will. The cash flow bragged about in the earnings release is NOT coming for any GAAP or Non-GAAP earnings, a large part is coming from employee and others who give CRM cash for half priced stock they take out of treasury (they just authorized more dilution). This stock dilution which harms shareholders artificially creates cash flow as it comes from no source of core earnings and would "dry up" if greedy company did not continue to give away millions of shares or the game is up. Operating cash flow can also be manipulated by simple management of the current assets of the balance sheet. Sorry Rasta, the true reflection of the earnings power of the company is in management made-up earnings which already ignore non-cash items, and core profitability is thus poor to non-existent, that's why people call this a shell game. Dilution was 8% last year, all the cash use to create bagholder dilution is what you are so impressed about, funny that people don't understand this but then again CRM certainly goes to great lengths to hide this (legally), as they hide impacts from acquisitions - they really don't want you less sophisticated investors to know this.

    Sentiment: Strong Sell

  • Reply to

    What is Sales Force's PE ? Please tell me !

    by jooneyman Mar 2, 2015 2:02 PM
    skibumdreamer skibumdreamer Mar 3, 2015 11:09 AM Flag

    I agree Hapi...to a point. The "new normal" is only new until it's not. Gosh we heard the same things to justify crazy bubble stocks in 2007, and 1999. Whenever ANYONE starts talking about "new math" or that earnings don't matter (a direct MB quote), be careful. You were spot on that this thing could run up from 60, and you were right. Now it is back to languishing in under-performance and remains one of the biggest shell games out there, yes there are more.

    Sentiment: Strong Sell

  • Reply to

    What is Sales Force's PE ? Please tell me !

    by jooneyman Mar 2, 2015 2:02 PM
    skibumdreamer skibumdreamer Mar 2, 2015 8:23 PM Flag

    There is no GAAP P/E, zip nada. I think they had a quarter or two of GAAP profits in 15 years at most. Non-GAAP "management" P/E too is also meaningless when a company makes pennies per share after 15 years in business. Definitely not a company you buy based on any traditional measures, no equity or book value either. It's all hopium that CRM can somehow still grow and control spending and the greed of the execs, something heretofore not proven but that's what people who go long in this stock believe.

    Sentiment: Strong Sell

  • Reply to

    Perfect short term short at 59.45

    by benchmarkvit Dec 18, 2014 9:43 AM
    skibumdreamer skibumdreamer Mar 2, 2015 8:18 PM Flag

    Because the village idiot bumped your post, I say I agree with you, I thought 60 was a good short too. How will this story turn out? Can MB keep the shell game going until CRM actually justifies its valuation (years and years away from MB's own admission), or will CRM just continue to significantly under-perform to "catch-up" to its valuation, or will the house of cards come crashing down? If 60 was a good short entry, gotta think 70 is even better. But right now I'm just enjoying the ride with real stocks/ETFs, many foreign stocks and emerging markets as yields are better and I like buying things when they're down, not at all time highs as is the US market.

    Sentiment: Strong Sell

  • Reply to

    52 has held a couple times already.

    by benchmarkvit Dec 9, 2014 8:52 AM
    skibumdreamer skibumdreamer Mar 2, 2015 8:12 PM Flag

    I agree bench, I was wrong here recently when CRM pumped-up to 70, of course the game here is not controlled by us, rather the complicit big Wall St. firms and Cramer licking MB's boots and talking about "new math" for valuations - gosh where have I heard that story before, let's see 1999, 2007. But bench I am 99% long in real stocks/ETFs as I don't think this rally, as "long in the teeth as it is" is over yet. However the huge divergence today between the NAS cannot make longs very happy. Actually the divergence and underperformance of CRM now traces back over a year, guess underperformance does not matter as stock is being handed out to execs faster than ever, dilution exploding. Can you imagine when, not if, they will be held to the same/similar valuations as their competitors....look out below! I already see this stock as "tired" as it's underperformance indicates, not sure when to short again however.

    Sentiment: Strong Sell

  • Stock dropping like a stone today despite another AMAZING profitless quarter and meanwhile the NAS rocketing forward. The only good things about this last quarter - sales growth and cash flow. What good is sales growth if it never returns an economic profit? Why does MB say to "not worry" about profits of the company when his personal P&L has already "booked" more profit than CRM from inception? And cash flow is boosted by bag holders, funny to brag about cash flow when a large part comes from diluting bag holders from the millions of shares taken out of the treasury of CRM and given to MB and his cronies, greed is the motive. The stock float increased an AMAZING 8% last year, this is one sophisticated shell game. An long must have confidence in this company's ability to earn a real profit, how you derive that conclusion to me as a fundamental investor is beyond reason, with any stock valued on "new paradigms" - it usually ends bad.

    Stock only a couple of points away from no change for over 12-18 months, significant under-performance against the software and the QQQ's continue, and with the risk included of an Enron like event. Yeah sure great investment longs, back up the truck and enjoy the continued under-performance at this greedy company run by a salesman -Ski

    Sentiment: Strong Sell

  • skibumdreamer skibumdreamer Feb 23, 2015 6:50 PM Flag

    Gold - Not sure how long you've followed CRM but MB sell rapid fire all the time, he is a poster child for greed and hubris.Sure some people says that he "maintains" his position stock position, but not true. The complicit BOD refills his piggy bank with millions of shares all the time. His sales are scheduled however so hard to say he is "dumping before earnings" cause at least that is illegal, What is not illegal is that MB's personal P&L is much larger than CRM ever has been, or ever will be. How can MB make billions per year from diluting bag holders while his company languishes in core unprofitability, and after 15 years. And recently he said (at Davos), that he does not care about profits for his company, that there are "more important things"....yeah no kidding except for himself that is. How can the CEO's P&L show billions in profits when the company makes no money? This company "buys" sales and has no cost controls and extremely weak earnings. Cash flow is overstated by the employees themselves....when an employee gets stock at half price, he gives the Treasury of CRM half price for the stock in cash, and then of course turns right around and sells the stock....I see about 5% DILUTION per year as they continue to give away shares and count cash flow from MB and others buying stock at half price as operating cash flow. GLTA- don't put anything but speculative money into this stock and please do not buy it for grandma. Ski

    Sentiment: Strong Sell

  • skibumdreamer skibumdreamer Feb 17, 2015 9:42 PM Flag

    You are a LIAR, go away. Your destiny is assured and it will not be pretty. Post in real time you fraud, these fake trades and your fake life. Seriously get some help. And if you're not psycho and just need be taught a lesson in civility I'd be glad to meet up in Vail and have you insult me in person, not sure how you're going to get your trailer there in the winter however.

    Sentiment: Strong Sell

  • skibumdreamer skibumdreamer Feb 17, 2015 9:34 PM Flag

    Amen Hapi!

  • Reply to

    Skibum got nervous shorting and took his loss

    by fku_holly Feb 12, 2015 3:36 PM
    skibumdreamer skibumdreamer Feb 17, 2015 9:33 PM Flag

    Hi Bobby - I warned you that (paid?) idiot bashers, like the trash that started this post, discourage real conversation and already have been successful in many smart people giving-up. Slowboat is one smart dude and you can trust him, Hapi too. I had a very small loss on the latest go round on a CRM short, last time was a winner. Believe me I'm going short again soon. I'm not a "basher", it is simply that the stock price defies valuation principles and the company itself has so many warning signs of executive greed and hubris that I wonder when the lemming institutions wake up and realizes that King Marc is wearing no clothes. All we see now is continued relative under-performance. I would guess the best case for longs is that the stock is essentially flat for years while the execs continue to enrich themselves - for example the stock is FLAT to down for the entire last year, what's AMAZING about that? It will not take much of a stumble on the top line (what else do they have?), which is already eroding, to pummel this stock. Then you have a real problem - how to value a stock with no earnings, and cash flow overstated by the constant 5% annual stock dilution and with slowing sales? No wonder MB recently made comments at Davos that profits are not his goal. Maybe not for CRM but himself, profits are certainly his goal. All in all, enjoying the rally as I'm 95% long in real stocks and ETFs and play with shorting over-valued stocks more for "fun."

    Sentiment: Strong Sell

  • Reply to

    Skibum got nervous shorting and took his loss

    by fku_holly Feb 12, 2015 3:36 PM
    skibumdreamer skibumdreamer Feb 17, 2015 3:19 PM Flag

    Remember cretin, and I'm not sure why I talk to fools. Well I do know, because I like to converse with real people and to do so I put up with fools like you. Are you long or short or just like to insult people from your trailer? CRM is up lately SIMPLY due to large software related ETF buying, period. ETFs now have an outsized impact on the market and the tech sector is hot hot hot. But fools and bashers don't listen to reason and don't take advice - GLTA, on ignore, idiot.

    Sentiment: Strong Sell

  • Reply to

    Weekly crazy days are back

    by robynrokn Feb 10, 2015 2:59 PM
    skibumdreamer skibumdreamer Feb 12, 2015 10:58 AM Flag

    Great post Dean, and Hapi, you were right, CRM is going up and on air as the hopium gets to opium levels as we approach this most amazing profit quarter ever, OK non-profit release in this AMAZAING company. My short automatically exited this morning at a very small loss, will play again soon....look's like we're running into the usual pump and dump before earnings. As we know this a stock where the big complicit hedgies play with themselves and the little guy is the whipsaw, until the MOMO crowd moves on to another bag of air.

    Sentiment: Strong Sell

  • Reply to

    Weekly crazy days are back

    by robynrokn Feb 10, 2015 2:59 PM
    skibumdreamer skibumdreamer Feb 10, 2015 10:49 PM Flag

    Hey Hapi - hope you are well. I'm in the positive on my current short play despite the ETF driven buying today so no worries. Like a moth drawn to a flame, never seen this story before and want to see how it turns out. I invest in instruments with the majority of my portfolio that would bore any long on CRM, so enjoying the endless rally.

    Sentiment: Strong Sell

  • Reply to

    Weekly crazy days are back

    by robynrokn Feb 10, 2015 2:59 PM
    skibumdreamer skibumdreamer Feb 10, 2015 8:23 PM Flag

    Forbes comes out with a scathing article and the stock goes up? CRM is past it's prime and has earned nary a dime? Are we all not saying the same thing, for years now? Where's the profit in this most amazing company ever? But like we all know the MS and GS's of the world play with themselves over this stock and for sure you had some behind the scenes buying after an article like that, perhaps MB calling in some "favors" who knows.

    Sentiment: Strong Sell

  • Reply to

    CEO pay raise

    by robynrokn Nov 28, 2014 9:44 AM
    skibumdreamer skibumdreamer Feb 9, 2015 9:03 PM Flag

    Jealous? Does it bother you that MB has more net income HIMSELF (billions) than all the years of CRM combined? Does it bother you that in a USA tilting towards Socialism very quickly people like MB make all Capitalists look like greedy snake oil salesmen? Does it bother you that he "takes from the shareholders and gives to himself"? Should one person be worth billions upon billions anyway? If you're happy that Beni "earns" more in a day/week than most people in their lifetime then I say you are part of the problem. He and Larry can go take a hike, give me a Warren Buffet or a Bill Gates please, people who create real companies that make real money, and then spend serious money on philanthropy - now that's a Capitalist. If MB is your hero, not sure what to say except - GLTA.

    Sentiment: Strong Sell

  • Reply to

    Go short now

    by skibumdreamer Feb 5, 2015 2:51 PM
    skibumdreamer skibumdreamer Feb 9, 2015 8:51 PM Flag

    Bobby - you sound like my kind of investor! If you search my posts you'll also see me mention CMG as yet another over-valued MOMO - they are a Burrito stand for crying out loud! OK food is very good but over-valued for sure. Cramer and dance fever, LOL, what a hoot. Yes Cramer gets all lathered up over Marc B., the love affair is almost sickening. Who else does he have on his show to pump EVERY earnings release? Just MB. And does Cramer ask any tough questions, no...just congrats on "another stupendous best ever quarter", never mentioning the main concerns, the most simple being that a company 15 years in business with growing sales should have growing profit. CRM does not, simple as that, they spend like they what they are, a group of greedy execs run by greedy sales people who care nothing about hype and the stock price, just the flash of big signs on buildings, parties, well we've seen this movie before and usually we know the ending. Beware however Bobby, the smart shorts on this board are so often hassled by bashers that we've already lost most of the brains here.

    Sentiment: Strong Sell

  • Reply to

    Go short now

    by skibumdreamer Feb 5, 2015 2:51 PM
    skibumdreamer skibumdreamer Feb 9, 2015 6:54 PM Flag

    Hey Prez, thanks for the observation. Yes that is yet another reason I went short right around $60/sh. Short interest has dried-up, dramatically decreasing the hedgies ability to play games and cause a short squeeze. The game continues at CRM, and the shorts have tired of it. Not only that but the shorts have to put-up with the complicity we see in Morgan, Goldman, and Cramer. The next report will show slowing sales (as is the trend already in place), no profit (except some screaming about cash flows that are not quite what they seem), no balance sheet assets (a lot is Goodwill and surely subject to write-downs), and growing debt.

    Well, the market is finally growing tired of such fantasy stocks. I see $45/sh. by spring, even though fair value is about $30/sh. Some here have made the case for a more dramatic collapse. GLTA! Just made some really good money shorting GPRO, which I also posted here. That one was too easy :).

    Sentiment: Strong Sell

  • Reply to

    Go short now

    by skibumdreamer Feb 5, 2015 2:51 PM
    skibumdreamer skibumdreamer Feb 9, 2015 1:44 PM Flag

    Bobby - I like what I se in the market, momos and similar stocks full of hot air and no earnings, lots of hype are now being corrected. It's the sign of an ageing bull market, rationality is returning and it's a good thing as whenever you see ridiculous valuations, look out!

    Sentiment: Strong Sell

CRM
66.81-0.04(-0.06%)4:02 PMEDT