Cantor Fitzgerald Downgrades Salesforce.com (CRM) to Hold
Cantor Fitzgerald downgrades Salesforce.com (NYSE: CRM) from Buy to Hold with a $58 price target.
They are quoted on StreetInsider.com as saying, "We are optimistic about the performance of the company's platform edition and think it can have a meaningful impact on future revenues. In addition, we remain skeptical about the competitive threats from the large ERP companies. Nonetheless, at nearly 10x FY:08 revenues and 7x FY:09 revenues, we believe it is hard to find meaningful upside in the stock."
I don't know if the CEO got that memo because he has just been selling 10k shares a day for the past year or so. This guy is making $500,000 a day in Cash..... WOW!
http://www.secform4.com/insider-trading/1294693.htm
Although that pales in comparison to Bill's net worth. If one calculated his daily rate.... You would get about 250 k per minute.
http://evan.snew.com/ecgi/gates.cgi?1504948248616027744677057506840710
There is rich then there is stinking, filthy rich.
Comments