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  • Or You Decide! [View article]
    Maybe now the curtain will be pulled away. Maybe not. A year ago I was short...lost. Then short again...lost. Then decided to stay flexible and play both sides (short term) up. CRM is like a ponzi scheme with there growth. This one will eventually come crashing down, when it does you want to be heavily short.
    Mar 9 04:37 AM | 1 Like Like |Link to Comment
  • More on Salesforce's FQ4: Deferred revenue balance +35% Y/Y to $1.86B, a little above rev. growth. Unbilled deferred revenue +59% to $3.5B (suggests major long-term deals were signed). Free cash flow +18% Y/Y to $231.5M, or $1.60/share. Americas revenue +34% Y/Y and 70% of total. Europe +37%, Asia-Pac +17%. Headcount +482 Q/Q to 9,801. Gross margin flat Y/Y at 78%. Sales/marketing spend +33% to $436M. Was +41% in FQ3 - slowdown contributed to EPS beat. R&D +50%, G&A +23%. CRM +4.9% AH. CC at 5PM ET (webcast). (PR[View news story]
    May not be ridiculous as LNKN, but CRM is still overprices in current market conditions. Let it trade many more buyers are there at this level? It will trade higher, but be ready to take profits and go short. CRM should be trading at 130.
    Mar 1 02:49 AM | Likes Like |Link to Comment
  • Having closed near its all-time high yesterday, (CRM -2.6%) has spiked lower after filing a response to an SEC staff letter that was sent to CFO Graham Smith on Aug. 24. The letter asks for details about Salesforce's operating cash flow figures - in particular, the impact of working capital changes, the managing of accounts receivable, and factors that affect deferred revenue changes. It also asks Salesforce to break out U.S. sales, rather than just disclose Americas revenue. Some SA authors have taken aim at Salesforce's accounting in the past. [View news story]
    I'm with you on this one. It's way to propped up. The drive down yesterday was, I think from institutional investors shorting but only on the day. A couple more big pushes down like that could start it tumbling. Be ready or be short.
    Jan 18 02:39 AM | 1 Like Like |Link to Comment