Something stinks here.
This is a rising star of a business that blends social networking inside normal enterprise activities. True visionary stuff.
But the owner is willing to bet it all on a vague law, put in place in Indiana and nationally?
Some Ting Wong.
From 2013
Salesforce.com Might Be Riskier Than It Seems
http://seekingalpha.com/article/1738882-salesforce-com-might-be-riskier-than-it-seems
One of the intriguing things about bubbles is how they sometimes prop up companies that could otherwise face very serious difficulties. And one of the most amazing things about the latest tech bubble lies precisely on how some of the stocks being promoted, like Salesforce.com (NYSE:CRM), have deeply worsening earnings trends............
......Conclusion
Salesforce.com’s bankruptcy risk might well be hidden by its massive valuation premium. Were Salesforce.com stock to drop, and amazingly its Altman Z-score would quickly fall all the way down to the riskiest category - a company which can be expected to go bankrupt on short notice.......