May. 14 at 3:25 AM
$CRM to put things into perspective. Benioff is addressing current valuation with a
$50B share buyback. Now some can say that the company isn't reinvesting in their own business and sure, that's one thing but having that kind of capital to buy back stock?? The market cap is
$135B... thats buying back 38% of the float... EPS will EXPLODE. But they will likely do it over years, not one Q. And
$72.4in remaining performance obligations on a
$135B market cap. The company has already sold more than half its market cap in future contracted revenue. This isn't a speculative growth story... this is a cash machine that the market is pricing like it's about to get disrupted into irrelevance. BUY WITH BOTH HANDS AT THESE LEVELS.... good lord, this market is wildly irrational. Over 90% of the stock is owned institutionally. Retail doesn't get that big of a slice. AgentForce needs to show up with strength during ER.
Looking for
$180-
$200 into June.
