Sunday, August 26, 2012

Investopedia: Can Salesforce.com Defy Gravity Forever?

Arguing about the valuation and underlying fundamental quality of hot growth stocks is a lot like fighting the tides. While the market has shown time and time again that cash flow and valuation are ultimately all that matter, it can take a painfully long time for reality to supplant hope and hype. So although I fully expect Salesforce.com (NYSE:CRM) to post gaudy growth for some time to come, the underlying thesis and valuation still just don't work for me as an investor.

Continue reading here:
http://stocks.investopedia.com/stock-analysis/2012/Can-Salesforce.com-Defy-Gravity-Forever-CRM-ORCL-IBM-SAP0825.aspx

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