Salesforce is the ‘GOLD STANDARD’ in customer relationship management: Expert
- Video return
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- Calls
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Recommendations
Entry is the asset's closing price on the publication date. Current is the last close on record.
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Entry $86.76 12 Aug 2026Current $86.76 12 Aug 2026Result +$0.00
I'm the guy on last time recommending General Motors so I'm a value guy
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Entry $124.94 12 Aug 2026Current $124.94 12 Aug 2026Result +$0.00
you can buy some good names like service now and sales force for half the price they ought to be
Context "you can buy some good names like service now and sales force for half the price they ought to be."
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Entry $193.32 12 Aug 2026Current $193.32 12 Aug 2026Result +$0.00
you can buy some good names like service now and sales force for half the price they ought to be
Context "you can buy some good names like service now and sales force for half the price they ought to be."
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Entry $124.94 12 Aug 2026Current $124.94 12 Aug 2026Result +$0.00
I THINK FAIR VALUE IS MUCH HIGHER 40-50% HIGHER AND NOW LOOK, MY AVERAGE HOLDING PERIOD IS THREE-YEARS SO WE'RE IN THIS TO STAY.
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Entry $492.43 12 Aug 2026Current $492.43 12 Aug 2026Result +$0.00
under 400 around 360, buy this stock at 500 thou, still value?
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Entry $492.43 12 Aug 2026Current $492.43 12 Aug 2026Result +$0.00
I would have no problem buying this on dips and holding it for three more years
Context "I would have no problem buying this on dips and holding it for three more years."
Full Transcript
CHARLES: SO, A LOT IS CHANGING, RIGHT? THINK ABOUT THIS , FOR THE LAST COUPLE OF WEEKS CONVENTIONAL WISDOM ABOUT THE VIABILITY OF THESE HYPERSCALERS. THEY CAN'T KEEP SPENDING ALL OF THIS MONEY. IT'S KIND OF SHIFTING, IN FACT SIGNIFICANTLY. THERE WON'T BE A PAY OFF AND IT'S GOING TO BE COMMENSURATE WITH THE RISK. AT THE SAME TIME, CONVENTIONAL WISDOM ALSO IMPROVING ON THE PROSPECT OF SAAS, SOFTWARE AS A SERVICE. SURVIVORS AND MAYBE EVEN EVENTUALLY SOME OF THESE NAMES THRIVING IN THE AI ERA. ALTHOUGH, YOU KNOW, RIGHT NOW THINK ABOUT THIS. 71% OF THEIR BONDS ARE MARKED AT LESS THAN 90% OF PAR SO THAT STILL MEANS THERE'S SOME RISK.K. I WANT TO BRING IN CHRIS CHRISAN TE, MAI CAPITAL CHIEF MARKET STRATEGIST AND I WANT TO TAKE, YOU'RE LOOKING AT THESE SAAS NAMES RIGHT? WE'VE TALKED ABOUT THEM BEFORE. YOU HAD A COUPLE INDIVIDUAL SOFTWARE NAMES BUT NOW, YOU FEEL LIKE MAYBE THEY'VE TURNED A CORNER WHAT'S CONVINCING YOU? >> CHARLES YOUR VIEWERS HAVE TO REMEMBER I'M THE GUY ON LAST TIME RECOMMENDING GENERAL MOTORS SO I'M A VALUE GUY SO IF I'M LOOKING AT SAAS SOMETHING MUST BE GOING ON AND WHAT'S GOING ON HERE I THINK IS THEY ARE TARD WITH THE BRUSH AI WILL DISRUPT THEM TERRIBLY AND I THINK FOR CERTAIN NAMES THAT'S NOT TRUE AND IN FACT YOU CAN BUY SOME GOOD NAMES LIKE SERVICE NOW AND SALES FORCE FOR HALF THE PRICE THEY OUGHT TO BE. CHARLES: LET'S LOOK AT SERVICE NOW, BECAUSE AGAIN, IT WAS UNDER A LOT OF PRESSURE. I'M IN THE STOCK, MY SUBSCRIBERS ARE AND WE'RE DOWN A LOT ALTHOUGH ITS GOTTEN BETTER HERE. >> LAST SIX WEEKS. CHARLES: 125 IS A BIG PERCENTAGE MOVE, RIGHT AT THE 200 DAY MOVING AVERAGE. WHERE DO YOU THINK IT GOES AND FAIR VALUE IS FOR IT? I THINK FAIR VALUE IS MUCH HIGHER 40-50% HIGHER AND NOW LOOK, MY AVERAGE HOLDING PERIOD IS THREE-YEARS SO WE'RE IN THIS TO STAY. THESE GUYS WILL BE AROUND IN THREE-YEARS AND MY BET IS THEY USE AI TO TIE THEIR CLIENTS CLOSER TO THEM AND AS OPPOSED TO OTHER FOLKS MAY BE DISRUPTED. CHARLES: SERVICE NOW AND WE'LL BRING UP CRM. ONE THING THEY BOTH HAVE IN COMMON, VERY POPULAR CEO'S, THESE FOLKS, MARK BENIOFF, WALL STREET LOVES THIS GUY, HE'S A CHAMPION, I CAN'T GET HIM ON THE SHOW BUT I ADMIRE HIS WORK AND WHAT HE'S DONNAS A BUSINESSMAN. IT HASN'T REBOUNDED NEARLY AS MUCH. THERE SEEMS TO BE MORE QUESTIONS ABOUT THE SEAT MODEL HERE. >> SO THIS IS CLEARLY THE VALUE PLAY COMPARED TO SERVICE NOW BUT THIS IS THE GOLD STANDARD IN CLIENT RELATIONSHIP MANAGEMENT AND SO YOU'VE GO TO BELIEVE THAT FOLKS ARE GOING TO STAY WITH THEM AND THAT THEY ARE GOING TO USE AI AGAIN TO MAKE IT A MORE EFFECTIVE RELATIONSHIP. SO AND I THINK YOU'LL KNOW THAT SOONER RATHER THAN LATER SO KEEP YOUR TWO WEEKS COME THE EARNINGS , AND I THINK BY THE FALL WE'LL BE BETTER THAN WE ARE NOW. CHARLES: LET ME ASK YOU THEN. YESTERDAY, THE TOP PERFORMERS WERE PRIVATE EQUITY STOCKS, THE NVIDIA ANNOUNCEMENT HAVE BEEN UNDER PRESSURE THE FIRST CHART EXPLAINS WHY THEY'VE BEEN UNDER PRESSURE, DOUBTS ABOUT HOW MUCH THEY OWN, THE SOFTWARE DEBT ARE THEY OUT OF THE WOODS YET? >> I DON'T THINK SO CHARLES BUT I'M NOT SURE. SO MY MANNER OF INVESTING IS I'M CHICKEKEN AND I RUN AWAY TO LIVE TO FIGHT ANOTHER DAY. SO I WANT TO PICK THINGS I CONSIDER MORE SURE THINGS. NOW, THESE GUYS MIGHT BE OKAY, THE PRIVATE EQUITY AND PRIVATE DEBT GUYS BUT THEY MIGHT NOT SO I'M UNCLEAR. A LOT OF SOFTWARE LOANS OUT THERE. NOT ALL OF THEM ARE GOING TO BE AS GOOD AS SERVICE NOW AND CRM, SO I WOULDN'T GO THERE EVEN THOUGH THEY MIGHT BE OKAY. CHARLES: WELL, LISTEN. RETREATING IS A GOOD STRATEGY. GEORGE WASHINGTON DID IT A COUPLE TIMES. WE TURNED OUT OKAY. COMPUTE IS KING. THAT'S STARTING TO MERGE AS SOMETHING EVERYONE ACCEPTS AND THESE ARE NAMES YOU ALREADY SHARED WITH US. I'VE GOT TO GIVE YOU BIG PROPS PARTICULARLY IN MICROSOFT. IF YOU CAME WHEN THIS STOCK WAS GETTING HAMMERED WE HAVE A CHART OF IT AND YOU WERE LIKE NO. >> IT WAS 16 TIMES, YEAH, THAT'S TERRIFIC, AND THE THING THAT IS, THEY GOT A BAD RAP FOR SPENDING A TON OF MONEY. I GET IT BUT ONE, THEY CAN AFFORD IT. THEY GOT THE BEST BALANCE SHEET IN THE UNITED STATES. BUT THE SECOND THING IS LOOK. GOOGLE'S CLOUD BUSINESS GREW 82% YEAR-ON-YEAR. IF YOU IF YOU WERE RUNNING THAT BUSINESS AND CAPACITY CONSTRAINED YOU'D BEG, BORROW AND STEAL TO INVEST MORE IN THAT BUSINESS. CHARLES: CHRIS, VALUE GUY TELLING PEOPLE IT'S UNDER 400 AROUND 360, BUY THIS STOCK AT 500 THOU, STILL VALUE? >> REMEMBER I'M A THREE-YEAR GUY, SO I WOULDN'T JUMP TO TODAY BUT I WOULD HAVE NO PROBLEM BUYING THIS ON DIPS AND HOLDING IT FOR THREE MORE YEARS. CHARLES: CONVERSELY THERE'S A COUPLE NAMES THAT ARE DIPPING OR SORORT OF STILL STRUGGLING A L. META ORACLE. YOU'RE CONCERNED ABOUT THIS. >> I AM. CHARLES: A LOT OF PEOPLE ARE BUYING THIS OR HOPING THEY COME AROUND ULTIMATELY. >> AS I SAID BEFORE, COMPUTE IS KING. IF YOU CAN CONTROL THAT YOU'RE IN GOOD SHAPE AND THE BIG THREE GUYS WE JUST TALKED ABOUT DO, THESE GUYS HAVE COMPUTE TOO BUT I DON'T THINK THEIR AI STRATEGIES ARE NEARLY AS COMPELLING AS THE OTHER THREE , SO IN THE SHORT-TERM THEIR COMPUTE WILL GET THEM THROUGH BUT I'D RATHER OWN THE OTHER THREE THAN THESE TWO AFTER THAT. CHARLES: EVERY FRIDAY WE DO ALL-STAR SHOUT-OUT. I DON'T KNOW, SOMEHOW WE MIGHT HAVE MISSED YOU LAST WEEK, BUT LAST TIME YOU WERE ON THE SHOW, BOSTON SCIENTIFI
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