No. of Recommendations: 5
You say a 19 P/S ratio is a "bargain"...but what really is so "different this time" to warrant that substantial premium valuation vs. historic software company multiples?

You probably posted this before you saw my response to Chris, but it's CRM etc that are exactly why I call these companies bargains. Chris said CRM's multiple got to ~18. And I think it has been a bargain all along the way!

So I'm not saying, "it's different." I think these companies may have CRM type potential, and it would have been a great buy at a PS of 19. Just because in the past you could have gotten it for less than that...isn't relevant. Unless you have a time machine?

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