Salesforce是一个不错的投资标的，因其自由现金流收益率强劲，且管理层进行了大规模股票回购。
逐段跳播
我们以 163 美元买入 Salesforce 股票的原因之一是如果你去课程成员的股票标签，然后找到 Salesforce（在 Meet Kevin 应用中找到），该股的势头非常强劲。
我仍然持有它，价格为 458 美元。我认为它可能达到 500 美元，但让我确认一下。如果你查看我对这家公司现金流的笔记，你会发现它们可以追溯到 7 月。我需要找到它。自由现金流收益率约为 13%，这是一个非常好的数字。
我甚至提到他们目前没有进行股票回购，但他们的资产负债表和现金流如此强劲，以至于我决定投资他们。
One of the reasons we bought Salesforce shares at $163 was that If you go to the stocks tab for course members, and then to Salesforce ( found in the Meet Kevin app), the stock's momentum was enormous. I still have it for $458. I think it could reach $500, but let me check. If you review my notes on this company's cash flow , you will find they date back to July. I need to find her. The free cash flow yield was around 13%, which is a really great number . I even mentioned that they are not currently doing share buybacks, but their balance sheet and cash flow are so strong that I decided to invest in them.
在这种情况下，我们的一位会议成员提到，他们可能会看到一波股票回购。但我们不知道确切的时间。看看我在这里的其他一些评论，我们谈到了 Salesforce，Salesforce，关于他们借入 270 亿美元购买 250 亿美元的股票，这太疯狂了。
In this case, one of our session members mentioned that they would likely see a wave of share buybacks. But we don't know exactly when. Looking at some of my other remarks here, we talked about Salesforce, Salesforce, about them borrowing $27 billion to buy $25 billion worth of stock, which is crazy.
我记下了 Marc Benioff 说的话，这是对他话语的转述：“我打算在股价下跌时借钱买入我的股票。这可能是史上最大胆的举动，或者他完全疯了。”我写道：“我倾向于认为他非常冒险。”
说实话，他目前的平均购买价格是 191 美元。我们在大约 165 美元时入场。我们说：这太不可思议了。如你所知，该股目前交易价格约为 265 美元。因此，这个人从股价下跌中获益良多，因为他自己买入了自己的股票，而且现金流巨大。
I wrote down what Marc Benioff said, and this is a paraphrase of his words: " I'm going to borrow to buy my shares when their price drops. This could be the boldest move ever, or he's completely insane." I wrote: "I tend to think he is very adventurous." To be honest, his average purchase price is currently $191. We entered the market at around $165. We said: This is unbelievable . As you know, the stock is currently trading at approximately $265. Therefore, the man has benefited greatly from the drop in the share price, as he bought his shares himself, and the cash flow is enormous.
嗯，我记了一个关于不计算年度现金流的笔记。实际上，这是错误的。Salesforce 的年度现金流没有被计算，因为它的现金流是不规则的。但它的现金流预计约为 150 亿美元。所以，如果我们以 150 亿美元作为财年的现金流，并看看 Salesforce，目前交易价格为 264 美元，其市值为 2170 亿美元。
目前的自由现金流收益率约为 6.9%。这是一个极好的数字。但如果我们回到它交易在 165 美元除以 265 的时候，我们发现它的交易价格低了 38%。因此，2170 亿美元，或 217 乘以 62，约等于 1340 亿美元。
134 嗯，基于这些计算，他们的自由现金流率已达到约 11%，这与他们之前相同，而且仍然在 6.9%。
Well, I made a note about not calculating the annual cash flow. Actually, this is wrong. Salesforce 's annual cash flow is not calculated because its cash flows are irregular. But its cash flow is expected to be around $15 billion. So, if we take $15 billion as cash flow for the fiscal year, and look at Salesforce, which is currently trading at $264, its market capitalization is $217 billion. The current free cash flow yield is approximately 6.9%. This is an excellent number. But if we go back to where it was when it was trading at $165 divided by 265, we find that it is trading at a price 38% lower. Therefore, $217 billion, or 217 x 62, equals approximately $134 billion . 134 Well, based on these calculations, their free cash flow rate has reached about 11%, which is the same rate they had previously, and it is still at 6.9%.
这个频道对 $CRM 的历次判断
Meet Kevin 在这只股票上共 10 条判断，这里只列相邻的几条。