100%, Bear.
I, for example, think that CRWD will be a surprise this year, given how low they’ve managed to keep expectations. And, looking at the CRM case study, I can see a company that is going down pretty much the same trajectory in terms of size of the business and physiological slowdown of growth, with a very healthy cash flow generation. I still own both CRWD and S, but after today’s news about those executives jumping ship from S to CRWD I’m doing a lot of thinking. It couldn’t be just because SBC is underwater at S and they got a better deal at CRWD. There’s got to be something more fundamental than that.
Silvio