After Salesforce has been dealing with activist campaigns and a challenging integration of Slack into the company’s ecosystem of applications, Bill Baruch joined CNBC’s Halftime Report to share his outlook on the company.
Bill Baruch, President & Founder, Blue Line Futures***TRANSCRIPT***
End of last year, I sold it. So it’s been on my portfolio for a while. It was it was a tax loss harvesting move. And I mean, where did the cash go? The cash went to like in video and Apple and things like that. But here’s the thing. In the first few months, this year thing was up quite a bit.
In the last six months, Salesforce is up 6%, hasn’t done much at all. So I think I like to call here growth at a reasonable price. I do like to see the shift that Benioff is back at, back at the helm pretty much. I think that was one of my concerns last year too, is that they’re bringing in somebody else to sort of co co-CEOs and what was the direction of the company.
They’re spending a lot of money, the Slack acquisition, we really didn’t work out as well as they hoped. So I think there’s a little more direction here potentially. I mean, it’s still up, you know what,
