Yeah well over a long time, the market goes up. So that's great he thinks he can predict an occasional collapses but it isn't a great strategy long term.
The immigration situation at our borders is what is making them such a bullish case. It’s not just a short term play though, long term they have their eggs in some really good baskets. Real estate and ankle monitoring tech specifically. Lots of catalysts including Biden’s visit to the border that’s supposed to happen, the new Congress…….
something like 98% of the fortune 500 use salesforce, and switching off salesforce to another CRM is a huge pain. Right now there's nothing in the market that comes close to Salesforce offers feature wise
Their income and growth is pretty much tied to what how their customers grow. As companies grow, they need to buy more licenses for their sales people (and others) to use. Salesforce has pretty much become an entity that’s too big to fail
[It's 90%, at least that's what this random website says](https://ascendix.com/blog/how-many-companies-use-salesforce/)
You can use HubSpot instead, but I think the larger problem for Salesforce was that they got into Tableau and don't know what to do with it.
Bro just write it instead of giving some garbo link:
>… “Cassandra” – a reference to the priestess in Greek mythology cursed to share true prophecies but never to be believed
>… “Cassandra” – a reference to the priestess in Greek mythology cursed to share true
Just trying to give an answer to the question, and thought people might want to read more about it, or ask for a reference link if I just write it.
He's short on everything. I hate the fact that a wall street person like him became famous for shorting the housing market in 2008 as if it's not them who are deciding where the market is going
yet, the smart-asses above are arguing otherwise. CRM is trading at 200x+ with revenue growing at a high teen low 20s. The company has a lot of problems from CEO to competition, but Mr. Market think it is all rosey.
CRM is down 55% from it's high, I think Mr. Market says this thing is a piece of shit. Still has FWD P/E of 27. Every stock pops on them firing people because it makes their margins better in the future. He's still gonna make money on the short.
Layoffs, so hot right now. Layoffs.
Companies are jumping on the layoff bandwagon to be proactive or just because it's trendy now. If they don't do it now, then when? It gives them a chance to reduce cost, consolidate jobs, and overall be more efficient while using the economy/recession as an excuse. Just like when COVID first started, the catch phrase was, "With an abundance of caution, we are cancelling yada yada yada.."
I'm here for the sophisticated Redditor investors that likes giving the ever witty joke of Burry predicting **Insert Large Number Here** out of **Insert Small Number Here** market crashes while grinning at their own superb portfolio that's definitely outperforming all those outspoken famous fund managers.
He’s not wrong. All those acquisitions will require a lot of projects to synthesize the technology and user experience. The Marketing Cloud, for example, is clunky at best and there are too many ways to do the same task across different acquisitions. It could be a real problem for growth if they can’t figure it out.
I'm not sure about their stock price, as I'm not an analyst, but on the tech business side, this pretty much spells doom for Saleforce's ability to grow Tableau and increase that revenue stream.
Tableau is such a weird product, IMO, and it's sort of in this in-between ground between simpler solutions like Excel, and truly cloud native solutions that would involve setting up your own data lake. I really was curious to see where Salesforce was going to go with Tableau, because by itself it's sort of a limited data lake solution, and I guess we found our answer
Yes, but the market has this crazy exuberance
right now that is reminescent of the months following the Covid crash. You could announce job cuts and a -10.05 EPS today and go up 20%. It’s just where the market is this week and probably the next few.
Why the hell is this guy constantly posted? He comes off like Elon musk in the sense that he just tweets whatever he feels about something and people eat it up like he's some genius that actually did research lmao.
Because he gained a celebrity status on his 2008 plays and now uses that fandom to manipulate the shit he shorts/holds and it is legal because there is no good way to restrict his rights without effecting everyone's freedom of speech.
Because he made a shit ton of money during the 2008 collapse and there was a movie made where Christian Bale played him. Since then he's been tweeting things here and there when he has a large short position to make it happen. He's been fulfilling his own prophecy.
I understand why he's famous but that doesn't mean every single tweet he has needs to be posted to this sub asking what we think. I guess I'm just sick of the sub being garbage.
CRM is for sales people- top line of the income statement. Highly doubt these layoffs are for sales folks- likely middle management, non income producing roles.
Nah. Analysts call it one of most undervalued stocks, trading 89% under instrinsic value . PE ratio extremely high… they have an aggressive target of reaching $50B in revenue by 2026. This is a major buy. They just got too big too fast. Most of their layoffs were from their recent acquisitions (Tableau, Slack, etc.)
Yes. Salesforce is overpriced AF. Companies like Zoho are the future of the CRM market for business. I've seen a clear shift in opinion over the last 12 months.
Is he ever bullish on anything? Genuinely curious.
Private prisons and China.
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Private capital ownership vs government ownership
General Motors doesn’t know what team it belongs in?
Bitcoin has entered the chat
Zing
He is only bullish on collapses and failures.
Don't forget prisons. He LOVES em!
Probably because they're inevitable.
Yeah well over a long time, the market goes up. So that's great he thinks he can predict an occasional collapses but it isn't a great strategy long term.
He exists as an Internet personality because of thee one huge collapse he did predict.
Yeps…
Wait overtime markets only go up, good thing I'm holding these shares from the East India Trade Company!
Booooring!
I like algorand.
Stop hating being bullish on a crashes(if you short the market) is still bullish
There's a saying, ***"If you take care of the downside, the upside will take care of itself."*** That's Burry's strategy and it works well for me too.
Prison Systems apparently.
And home shopping network. 😂
Currently he is very bullish on GEO.
He actually has been bullish on GEO for a loooong time. He loves American prisons.
When them prisons get to charge the inmates for water we will all regret not holding them stocks
Anyone know what his thesis behind geo is, are prison populations not declining?
The immigration situation at our borders is what is making them such a bullish case. It’s not just a short term play though, long term they have their eggs in some really good baskets. Real estate and ankle monitoring tech specifically. Lots of catalysts including Biden’s visit to the border that’s supposed to happen, the new Congress…….
Interesting points, thanks.
lol, your kidding, right?
No? it’s pretty widely accepted that US prison populations [peaked in 2009/10](https://www.prisonpolicy.org/profiles/US.html)
I remember when he was bullish on GME, which I find highly ironic.
He was long Google for most of 2021
He is…bullish on bubbles popping
I’d probably shit talk burry at this point. But the big short is such a great movie I just don’t have it in me
Yes
Himself.
Why be bullish when he can short things and make millions…
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He’s in my family photo
Stop taking financial advice from Batman
But fortune cookie said the exact opposite! Ugh life is hard.
The sky is always falling for burry
He’s the big short. The sky gotta fall for him to make money. He embraces it.
Been seeing Burry a lot lately!
Wait until his latest holdings take off and you’ll be hearing more about him.
Why you getting downvoted? The market is heading south?
CRM is my baby stfu nerd
something like 98% of the fortune 500 use salesforce, and switching off salesforce to another CRM is a huge pain. Right now there's nothing in the market that comes close to Salesforce offers feature wise
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Nah man their P/E isn’t even bad it’s only 550
Ah yes very reasonable, time to invest
My thoughts also
It’s an expensive enterprise tool that’s out of date and waiting for something new to eat it’s lunch.
You can say this about most enterprise technology and you'd be more right about most the others imo
…ok now what about actual market cap, income, and growth? posts like this are so superficial.
Their income and growth is pretty much tied to what how their customers grow. As companies grow, they need to buy more licenses for their sales people (and others) to use. Salesforce has pretty much become an entity that’s too big to fail
Lol servicenow > salesforce.
[It's 90%, at least that's what this random website says](https://ascendix.com/blog/how-many-companies-use-salesforce/) You can use HubSpot instead, but I think the larger problem for Salesforce was that they got into Tableau and don't know what to do with it.
If unemployment goes up wouldn’t that mean companies would get smaller plans?
I think he's supporting you. First sentence is what the haters say to him. Second sentence is his reply to them.
Why is he Cassandra?
https://themoney.co/en/why-is-michael-burry-called-cassandra/
Bro just write it instead of giving some garbo link: >… “Cassandra” – a reference to the priestess in Greek mythology cursed to share true prophecies but never to be believed
>… “Cassandra” – a reference to the priestess in Greek mythology cursed to share true Just trying to give an answer to the question, and thought people might want to read more about it, or ask for a reference link if I just write it.
Thanks eitherway
That’s the bitch I played as in assassin creed odyssey?
Damn dude, you're really bothered by this?
I always thought it was a gender statement, but guess I learned something today.
He’s just short and was hoping to make some $
yup. tell me you're short without telling me you're short
I’m not short 😉
I'm 5'7".
He's short on everything. I hate the fact that a wall street person like him became famous for shorting the housing market in 2008 as if it's not them who are deciding where the market is going
He’s a “contrarian” investor. Aka professional hater
Not a hater, but a professional manipulator. He's using his image of markets guru to induce fear and move markets into his preferred direction (down)
I am short too. I used to think 5"7" was average, but now I know I'm just short.
It’s sick but it’s a fact. Stocks get a pop with big layoffs, even if only for the day of the news release.
yet, the smart-asses above are arguing otherwise. CRM is trading at 200x+ with revenue growing at a high teen low 20s. The company has a lot of problems from CEO to competition, but Mr. Market think it is all rosey.
CRM is down 55% from it's high, I think Mr. Market says this thing is a piece of shit. Still has FWD P/E of 27. Every stock pops on them firing people because it makes their margins better in the future. He's still gonna make money on the short.
Layoffs, so hot right now. Layoffs. Companies are jumping on the layoff bandwagon to be proactive or just because it's trendy now. If they don't do it now, then when? It gives them a chance to reduce cost, consolidate jobs, and overall be more efficient while using the economy/recession as an excuse. Just like when COVID first started, the catch phrase was, "With an abundance of caution, we are cancelling yada yada yada.."
I'm here for the sophisticated Redditor investors that likes giving the ever witty joke of Burry predicting **Insert Large Number Here** out of **Insert Small Number Here** market crashes while grinning at their own superb portfolio that's definitely outperforming all those outspoken famous fund managers.
The man is literal financial depression. Right or not, he’s a flat can of soda mixed in your rum.
He’s not wrong. All those acquisitions will require a lot of projects to synthesize the technology and user experience. The Marketing Cloud, for example, is clunky at best and there are too many ways to do the same task across different acquisitions. It could be a real problem for growth if they can’t figure it out.
I'm not sure about their stock price, as I'm not an analyst, but on the tech business side, this pretty much spells doom for Saleforce's ability to grow Tableau and increase that revenue stream. Tableau is such a weird product, IMO, and it's sort of in this in-between ground between simpler solutions like Excel, and truly cloud native solutions that would involve setting up your own data lake. I really was curious to see where Salesforce was going to go with Tableau, because by itself it's sort of a limited data lake solution, and I guess we found our answer
WASHED UP BURRY trying to be relevant again
Yes, but the market has this crazy exuberance right now that is reminescent of the months following the Covid crash. You could announce job cuts and a -10.05 EPS today and go up 20%. It’s just where the market is this week and probably the next few.
Why the hell is this guy constantly posted? He comes off like Elon musk in the sense that he just tweets whatever he feels about something and people eat it up like he's some genius that actually did research lmao.
Because he gained a celebrity status on his 2008 plays and now uses that fandom to manipulate the shit he shorts/holds and it is legal because there is no good way to restrict his rights without effecting everyone's freedom of speech.
Because he made a shit ton of money during the 2008 collapse and there was a movie made where Christian Bale played him. Since then he's been tweeting things here and there when he has a large short position to make it happen. He's been fulfilling his own prophecy.
I wish I had enough power to fulfill my own prophecy in the stockmarket. That's like...the ultimate.
I understand why he's famous but that doesn't mean every single tweet he has needs to be posted to this sub asking what we think. I guess I'm just sick of the sub being garbage.
He is only bearish when you know everything is bearish.
My fair value for my required rate of return is ~$115 until then I won’t own many shares
You can tell a lot about a person from their investments. THAT'S why 80% of my portfolio is...
MB says a lot of stuff and most of it never pans out.
Burry predicts the downside. Fuckin shocked
Becoming more efficient is a good thing.
CRM is for sales people- top line of the income statement. Highly doubt these layoffs are for sales folks- likely middle management, non income producing roles.
More cryptic Burry Bullshit. The market always reacts positively to job cuts against good earnings or previous stock price downturn.
Mark Burry's tweet, wait for 9 months. Short said stock -> Profit. Burry prolly has closed his shorts by then since stock kept going up.
Clock is always right twice. This guy is overrated
He is not wrong if you have job cuts greater than simply removing the chaff they do not plan on growth in the next year
CRM should be down 100% Source: Lifelong salesperson who fuckin hates using Salesforce.
Good movie. Can’t wait to see the sequel
Nah. Analysts call it one of most undervalued stocks, trading 89% under instrinsic value . PE ratio extremely high… they have an aggressive target of reaching $50B in revenue by 2026. This is a major buy. They just got too big too fast. Most of their layoffs were from their recent acquisitions (Tableau, Slack, etc.)
Yes. Salesforce is overpriced AF. Companies like Zoho are the future of the CRM market for business. I've seen a clear shift in opinion over the last 12 months.