5/23/24 - $wday - tough setup, just watching the PM print only
5/23/24 - vrockstar -
WDAY
- not the best setup into the print, high teens sales and EPS growth (~16% this year) gets you 40x PE and 7.5x sales, 2-3% fcf yield (without a stock comp illusion). basically this stock is priced for perfection here, which if you see recent prints... sales hasn't been beating by a lot. a lot of these enterprise names have had tough sledding this Q. on the converse,
MNDY
had a nice move - and these things are decent comps, which might indicate a similar song *it rhymes* right?
i'm going to be on the sidelines. i'd like to own this, but it's hard to dip buy with conviction at this valuation on a miss. and it's hard for me to chase higher too. that keeps me watching only. gl to the holders. lmk if you have a diff POV.
WDAY
- not the best setup into the print, high teens sales and EPS growth (~16% this year) gets you 40x PE and 7.5x sales, 2-3% fcf yield (without a stock comp illusion). basically this stock is priced for perfection here, which if you see recent prints... sales hasn't been beating by a lot. a lot of these enterprise names have had tough sledding this Q. on the converse,
MNDY
had a nice move - and these things are decent comps, which might indicate a similar song *it rhymes* right? i'm going to be on the sidelines. i'd like to own this, but it's hard to dip buy with conviction at this valuation on a miss. and it's hard for me to chase higher too. that keeps me watching only. gl to the holders. lmk if you have a diff POV.