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A potentially important component of a recovery portfolio!
Quick answer: I think in the long run, companies and their management's that attempt to present a realistic picture of their business are paid back in terms of share price valuation as institutions, if not individuals, are very cognizant of the vicissitudes and speed-bumps in running a high-growth business.
Cutting to the chase, Slack (WORK) reported strong results but it gave realistic guidance based on concerns that the uncertainty unleashed by the Covid-19 virus-and perhaps the Russia-Saudi oil price war-would upend otherwise buoyant demand trends. It appears to this writer as though the results of providing realistic guidance and commenting on risks and uncertainties have been a share price implosion for Slack.
There has been an article on SA that says that Slack reaffirmed it is not part of the virtualization marketplace. Other than pointing out that virtualization means something quite specific and different than the author's apparent definition in the IT world, the basis of the article is upside down, as any careful reading of the latest conference call transcript would indicate.
And it is this kind of misapprehension that creates an excellent opportunity for investors who are able to look through this crisis, and its economic impact, and see the "broad sun filled uplands" as Winston Churchill once put it in reference to the existential crisis faced by his government and nation in 1940.
The fact is there is and will be an enormous economic perturbation of some currently unknown extent until the Covid-19 emergency wanes. One has merely to walk the streets of Manhattan - it is basically a ghost city - to see just how upside down
