CRM
Salesforce, Inc.
stock NYSE

I ended up with CRM because I bought a ton of shares in Slack when they launched... and then I guess Salesforce bought them. Held onto it for a bit and noticed NOTHINGGG was happening while all my other stuff was launching
I actually like Salesforce as a platform and have used it professionally in two different jobs now, but glad I sold it. Too much nonsense in the sector because of chatbot optimism IMO

I got smoked on both CRM and Shop. I have been investing in Shop for years, up only 3% now after the big drop. CRM has been a drag, down about 25% now.

Oooh cmon CRM will be fine in the long run
But from the team 😂😂

Thanks for the comprehensive analysis, and as others have pointed out, not just the same garbage rehashed--e.g. why this week I bought NVO, UNH, CRM. Your's is some original thinking.
For my money, this company is a falling knife. What is happening to restaurants in 2026 is what happened to mall in 2015. There is a sea-change going on. With the debt load of this particular company, I'm not optimistic about it at all. I'm afraid it is headed for the dustbin.

And the smartest investors often are wrong for years because they mistakingly assume they are playing chess with people playing checkers, if anything Reddit is more wrong about when to get out of a stock a lot of the time. Or with latecomers trying to chase. But even as a more conservative investor I will take some amount of forward thinking and investing in space to a portfolio of PYPL, ADBE, CRM, and NKE.

Selling MSFT and QCOM was a good call but holding ZS at -36% is risky – cybersecurity is getting commoditized and the valuation never made sense. CRM at -32% is more interesting, their FCF is massive and Agentforce could be a real catalst. Netflix at -29% feels temporary. The BABA/BIDU recovery is a good reminder that sometimes you just need to survive the drawdown.​​​​​​​​​​​​​​​​

I just bought NOW, CRM, PANW on the low. Last week CAT, APLD, AMAT. Watching stocks that benefit from building the infrastructure of AI data centers. Already heavy on chips, energy, gold instead of bitcoin.

So ... panic sell CRM?

Nice choices!
Very tempted by CRM, but hesitant due to their ever-growing focus on AgentForce. It feels like they are betting the company on Agentic AI, which I have opinions about.
What’s your thesis on CRM?

I'm not saying to drop it all in CRM, ADBE and NOW, but if Morningstar is right we'll all wish we had done so.

Good framework. I'd push harder on the enabling infrastructure bucket though, that's where the real asymmetry is.
The seat-based pricing fear makes sense for CRM and HRIS vendors. But companies like Datadog and MongoDB aren't selling seats. They're consumption-based. More AI workloads = more infrastructure to monitor = more logs, traces, and metrics flowing through DDOG. More RAG pipelines = more vector search queries hitting MDB.
The market is treating all software the same right now. DDOG got dragged down 30%+ alongside Workday and Salesforce even though it's literally the monitoring layer for the AI infrastructure everyone is building. MongoDB added vector search and is becoming the default data layer for retrieval-augmented generation.
The "AI kills SaaS" narrative is real for some companies. But for the picks and shovels? The selloff is handing you infrastructure names at growth-at-a-reasonable-price multiples.

The analogy that best suites this moment is GOOG when it got down to a PE of 18 over fears that AI will eat it's search business. Profits are up 50% since then.
Have bought CRM, GOOG and ADBE in the past week

Add CRM,TTD,DUOL as well.

Set your loss limit in advance and sleep peacefully. I like AMZN long. What i don't like is SOFI sleeping for months. About to sell that and buy the dips NOW, CRM.

I summarised it in the preface. You can look deeper into what they offer to understand the nature of their businesses, instead of just knowing they are VMS. If you look closer, you will notice patterns. For example, they own a lot of vertical ERP and CRM SaaS businesses.

MSFT, AMZN and GOOG will rule the world even harder. META will be strong too. They are all good at these prices, except maybe GOOG likely closer to fair value.
In SaaS, I think CSU is your best bet. SaaS will obviously be disrupted by AI but probably less than is priced in today. CSU is very diversified and the lower prices means their acquisition strategy will be even more efficient.
I also think ADBE would be easier to replace, at least some parts, than something more integrated like TEAM, CRM, or simply office.
Keep in mind most software companies also have huge stock based compensation so they are much less cheap than they appear to be

I have been spending some time lately looking into Veeva Systems (VEEV) and wanted to share my thoughts on why it might interest those of us who focus on quality compounders. I realize that VEEV is rarely the type of stock that shows up on a traditional deep value screen given its multiples, but after reviewing an analysis of their 2025 outlook, I believe the current entry point is quite attractive when weighed against their growth rate and competitive advantage.
From my perspective, the strength of the thesis lies in Veeva’s position as the mission-critical operating system for the life sciences industry. They have built a massive moat through their industry-specific cloud architecture, and the switching costs for their clients are incredibly high. I am particularly impressed by their transition from being a CRM provider to becoming a holistic partner through the Veeva Vault platform. Their expansion into R&D and clinical trials is now a more significant driver for the business than their legacy commercial segment.
I also find their financial discipline to be a major selling point, as they maintain high operating margins and a debt-free balance sheet while self-funding their innovation. While the stock isn’t “cheap” in a Ben Graham sense, I think it is undervalued relative to the durability of its 20% compounding potential and its defensive cash flows. For those of us willing to pay a fair price for a wide moat and top-tier management, I see this as a rare opportunity to pick up a high-quality asset at a non-speculative valuation.

I agree. I bought into NOW and looking into WDAY and CRM rn.
But: the valuation was lofty af. Coming down now is reasonable mb not a crash but a consolation

Perhaps the word obsolete is too hard. How about ' No longer demand a premium' due to free or cheaper alternatives?! The trend on Adobe, CRM, Workday is not a short term. It has been trending lower with an unchallenged top since 2021. Again, I have no thesis... I'm neither buying, selling or holding. It's a simple question: Should i buy, Why?

Sold some Fresnillo stocks, 50% cagr, awesome return! They are at a high, and I needed the cash for my other trades.
Bought Chemometec <400 DKK. Bought the first tranche, looking to DCA across the coming months.
Looking to buy Occidental Petrolium, but some software stocks look attractive too. Mostly looking at Adobe, but I doubt their long term moat. Maybe CRM, Grindr, Reddit, Duolingo or PayPal, they look cheap. Any other suggestions?
FICO is looking to become attractive as well.
Any tips and things to watch for?