The Razor's Edge #15: SaaS Earnings And Work From Home Vs. Work From Everywhere Plays

The software as a service sector has passed its first recession test in flying colors, as the nature of the coronavirus market has led to a increased business for these companies. With two of the most popular names - Slack and Zoom - due to report in a couple weeks, Akram's Razor and Daniel Shvartsman check in on the state of the sector and whether work from home is a benefit or a liability. Topics Covered: 3:00 minute mark – What explains a big move like Twilio's 7:00 - The broader valuation context 15:00 - The prevailing dynamic of competition 21:00 - Valuation pair mismatches – DDOG/NEWR, PD/EVBG, WORK/ZM 36:30 – Leaving the 10x EV/sales barrier in the past 46:00 – Where does Slack go when the light bulb turns on? 55:30 – the NFLX parallel for Zoom and the search for a pivot 1:03:00 – Slack earnings preview

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The Razor’s Edge is an investing podcast that combines a prop trader’s viewpoint and deep-dive fundamental research to provide a unique take on the markets. The show is co-hosted by Akram’s Razor, a trader and investor with decades of experience and a track record of truly differentiated ideas and analysis, and by Daniel Shvartsman, an individual investor for the past decade who saw thousands of investing pitches and ideas and how they played out during his previous time at Seeking Alpha. The duo start with a theme or idea from Akram’s investing, then break it down to understand what goes into the idea, what could go wrong, and what else investors and traders need to know. They also interview industry leaders, executives, and other investors to get a wider perspective. The show has thousands of listeners around the world.