CRM: Yeah, longs argue the company's growth justifies that crazy multiple; but I just don't think it's going to last in this market.
That's not to mention that Oracle, Microsoft, and SAP are gunning right at CRM now......which tells me they're going to be extremely challenged to sustain their current growth rates in the coming quarters.
It's crazy....and the big funds are keeping it propped up here....but I feel pretty certain it will collapse eventually....I just don't think it can grow into this price anytime soon.
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854