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Originally posted by Rick Latona
It's not that they only net 3.5 million. They did nearly 100 million in revenue last year and they will be capitalized with over 150 million dollars after going out. Considering that they have significant competitive advantages in the market place they are a strong company.
The ASP model works. As I stated in my 3,000 post article, we were right in 1996 all along, we just didn't know who the winners and the losers were. I will be buying shares in SalesForce.com. They epitomize everything that I believe in. The haver cost differential, product differential and placement differential the three components of competitive advantage.
Buy CRM, you'll be glad you did. They will be up there with E Bay, Google, Amazon and the rest. The reason Wall Street is hungry for these firms is that we've learned a great deal since Netscape came out at 75 dollars a share. We know what we are doing now and what makes money and what has long term potential.
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Nice post Rick, but what about their long term debt? How much are they carrying and what does their management look like. Them seem to have the deal makers in place....with over a 100 million in revenue.
Definitely a company to watch. First google, now that talks of another nice tech ipo, are we finally seeing a recovery in the markets and economy?
It has been a long time coming.