Charles Goldblum

Cramer's Mad Money - When Obama Stumbles, Stocks Soar (9/20/09)

Re CRM raising guidance:
EPS guidance raised by 1c/share, stock-based compensation guidance cut by 3c/share - hard to explain considering they haven't cut headcount.

Salesforce Delivers Strong Second Quarter, Raises Outlook

Is 34x FCF the right price for a company whose bookings aren't expected to grow this year?
Furthermore, now that their tax loss carryforwards have been used, their cash flow is unlikely to rise next year either.
Doesn't a growth company need to grow?
We've seen this move before (see Siebel, i2, etc.), it doesn't end well.