Suhail Capital
Hedge fund manager, long/short equity, event-driven

Veeva Systems: SaaS's Biggest Bubble And Tech's Best Short

November 2013

Veeva Systems Inc: SaaS' Biggest Bubble and Tech's Best Short

"Have Things on Wall Street Really Gotten This Bad Again?"

Price Target: $8.00 / share

Ticker: VEEV




-Total Addressable Market

-Market Penetration

-Comparables & Valuation

-Could we be wrong?

-How to play this?



"It is a capital mistake to theorize before one has data. Insensibly one begins to twist facts to suit theories, instead of theories to suit facts." - Sherlock Holmes

In keeping with the recent trend of picking on good businesses with very ugly valuations, today we would like to focus on what we consider to be the biggest bubble in the entire Software as a Service ((SaaS))/Cloud space. For those...

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