• David Jackson
    Must read for investors in $CRM $CSOD $N $NOW $WDAY http://seekingalpha.com/a/1a1wt
    4/18/14
    Reply (4)
    • J Mintzmyer: Thank you for the link- I enjoyed the read. I think $MSFT is the best way to play SaaS with $IBM and $HPQ also presenting value.
      4/18/14
    • J Mintzmyer: BOX is selling a totally commodity product, whereas $MSFT has a tremendous enterprise moat. $IBM has a medium-high moat, $HPQ has scale.
      4/18/14
    • J Mintzmyer: Most importantly, all three are selling for P/FCF and P/E multiples that are BELOW the market rates and tremendously below SaaS/cloud comps.
      4/18/14
    • David Jackson: Not sure whether MSFT has more to lose than to gain from SaaS due to the size of its legacy businesses.
      4/19/14