- Joseph K
Salesforce: A Bargain That May Not Last
We published our last update on Salesforce (CRM) on December 4, 2019 (See Article). Since then, it appears that an entire millennium has passed, since the US stock market and numerous companies in the S&P 500 index have undergone tremendous negative changes and face grave uncertainty. CRM, however, was able to adroitly differentiate itself from the pack. Right now (as of March 30), its share price is down only ~4% from that point, relative to the ~16% drop of the overall S&P 500 index since early December. In the present article, we will revisit our thesis and discuss what makes it particularly strong in the times of the coronavirus crisis.