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CRM - Salesforce.com, Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Apr 4, 2016.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Pretty good company, but looks like big positions are unloading -- selling into strength. This could drift up a bit more, but I'd be suspicious if I didn't see good volume.
     
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Reporting tomorrow. It's an expensive stock, even the forward P/E is 2 times the growth rate, and the ROE is only 5%. Would not be surprised to see this dip.
     
    stock1234 likes this.
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I started a position in $120s and still holding. Yeah valuations look pretty stretched here, I am still hoping for a good quarter tomorrow :p
     
    rg7803 likes this.
  4. KyleLennon

    KyleLennon Member

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    Salesforce has been on an acquisition spree, and the M&A tempo is still going steady. The company closed its $6.5 billion acquisition of MuleSoft, a major applications integration player. In addition, Salesforce has been expanding its international operations and creating partnership the likes of Amazon and Alphabet.
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Sold at 160.05. Still like this company, but I just want to take a little bit of a profit on some of my holdings after a huge run in January for the market. Will see if I will get another chance to get back in :p
     
    bigbear0083 likes this.

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