iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,326 Blog Posts

SAAS UNDER PRESSURE AGAIN

I’m out of the office today with my daughter who needs some testing on her eyes done. No big deal, hopefully — but I’ll be out most of the day.

Early going I see just one of my stocks is sharply higher — SAGE — based on insider buying reports. Software stocks are getting the business, sharply lower, just because.

It’s important to note this sector has been leadership for half a decade and is struggling to regain its footing. I suspect if the market tops out, you will first see it in SAAS.

Other than that, nothing going on.

More later.

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4 comments

  1. jbandy

    SaaS was a bubble. Every institution and Robinhooder was piling into those stocks. They don’t deserve to trade above historic software multiples of 10x EV/S ratios. In fact, their seemingly high “gross margins” and potential for uber profitability are a chimera. The minute their growth starts to slow, they go out and hire even more Sales schleps, invest more in R&D to expand their product lines, make acquisitions, and sometimes restructure/lower prices–they don’t deserve to trade above the historic software multiples of 10x EV/S ratios.

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  2. ericbakerbruce

    Schoolboys in Disgrace by The Kinks is a fucking masterpiece.

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    • mx2101

      Some of those UK bands did great stuff indeed. Have you heard Odessey and Oracle by the Zombies? This Will Be Our Year is a fine tune that stands the test of time.

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