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Hank Rearden Jr

Hank Rearden Jr
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  • Salesforce.com: Unjustified Valuation And Repetitive Losses [View article]
    @author Regarding your comment on net margin, the only reason they had positive income in that quarter (Q2 FY2014) was the removal of the valuation allowance against their DTA's, otherwise they would have had a loss similar to all other quarters.
    May 27, 2014. 08:42 AM | 2 Likes Like |Link to Comment
  • Salesforce.com - Same Story, Solid Top-Line Revenue Growth Combined With Widening Losses [View article]
    @author Thanks for mentioning that. If we back out $100m for ExactTarget (and if my math is correct), that equates to about 25% y/o/y revenue growth. Still very good, but slowing for sure.
    May 21, 2014. 10:00 AM | Likes Like |Link to Comment
  • Salesforce.com - Same Story, Solid Top-Line Revenue Growth Combined With Widening Losses [View article]
    Salesforce won't say how much of their revenue growth came from ExactTarget. I think it's fair to assume that revenue growth wouldn't be so hot without the contribution from that acquisition.
    May 21, 2014. 08:34 AM | 1 Like Like |Link to Comment
  • Microsoft Should Buy Salesforce.com Before It Reaches $60 [View article]
    @fourdeg, A billion is nothing to a company like FB or CRM that is constantly issuing new stock. MSFT has been routinely buying back its shares for years. They know what their cash (and their stock) is worth.
    May 19, 2014. 04:33 PM | 2 Likes Like |Link to Comment
  • Microsoft Should Buy Salesforce.com Before It Reaches $60 [View article]
    Assume MSFT offers $70 a share and CRM accepts. This would mean they're paying $42.7 BILLION for a product that they already have a competitive offering for (Dynamics). This doesn't even take into account all the RSU's and options that will further dilute the stock. Think of all the other things they could invest in with $40+ billion. Is this article a joke? I don't get it.
    May 19, 2014. 09:38 AM | 7 Likes Like |Link to Comment
  • Salesforce.com's Growth Is From Standard Operating Procedures [View article]
    haha :) A lot of the "content" of this "article" (terms used loosely) seems to have been pulled from someone's bottom.
    May 14, 2014. 01:12 PM | 1 Like Like |Link to Comment
  • Salesforce.com May Pop On Earnings, Sell The News [View article]
    Great username, Hugh!
    Nov 19, 2013. 10:17 AM | 1 Like Like |Link to Comment
  • Marc Benioff's Incredible Story [View instapost]
    That was terrific! Thanks for posting!
    Jun 10, 2013. 10:41 AM | Likes Like |Link to Comment
  • The Massive Elephant In The Economic Room [View article]
    Aquarianus:
    best. comment. ever.
    You've put into words the sights and sounds we see every day.
    -Hank
    May 15, 2013. 11:39 AM | 1 Like Like |Link to Comment
  • Salesforce.com May Be Selling You - Buyer Beware [View article]
    Doyle,
    It's hard to tell what the catalyst will be to get the funds selling. As you mentioned, the lower growth in deferred revenue hasn't done it. My guess is that it will take a miss on revenue or earnings but with the way they adjust the estimates around, it's hard to imagine that happening soon.
    Hank
    May 15, 2013. 11:30 AM | 1 Like Like |Link to Comment
  • The Massive Elephant In The Economic Room [View article]
    Thank you for posting this insightful and well-written article. It certainly looks like a bumpy road ahead.
    May 15, 2013. 08:16 AM | 2 Likes Like |Link to Comment
  • Salesforce.com May Be Selling You - Buyer Beware [View article]
    This was looked at in an article a while back. I think Sunil's got it right. Last Q was apples-to-apples.
    May 15, 2013. 07:34 AM | Likes Like |Link to Comment
  • The Similarity To 1979-82 Is Uncanny [View article]
    Author,

    As others have commented, I think you have a long ways to go in convincing us. Here's a starting point: will the near-doubling in the S&P500 be the result of near-doubling of earnings, P/E expansion, or some combination of the two?

    Hank
    May 7, 2013. 09:14 AM | Likes Like |Link to Comment
  • Fundamentals For Salesforce.com Point To Higher Prices [View article]
    Hello Dharmi,

    I think you're spot on. Maybe I should pen an article titled "Workday Should Buy Out Oracle to Eliminate Competition" and I'll be getting clicks galore. Then, since I'll need to fill space in the article, I'll restate that thesis followed by some irrelevant statistics (the EBITDA, enterprise value, and P/E of each company, for example), then restate the thesis once more. Then folks will leave comments on how nuts I am, and discuss amongst themselves about whether I'm disingenuous or just incompetent. I'm not sure how S.A. compensates, but if authors get credit for a page view every time a given user returns, I'll be cashing on every time those folks return to view new comments about how bad of an author I am. Cha-ching!

    -Hank
    May 2, 2013. 10:16 AM | 1 Like Like |Link to Comment
  • Fundamentals For Salesforce.com Point To Higher Prices [View article]
    So we should buy now despite negative margins, and then short next year when Japan's economy collapses? This article looks like a form letter.
    Apr 30, 2013. 07:23 AM | 6 Likes Like |Link to Comment
COMMENTS STATS
62 Comments
61 Likes