 It's a great marriage What's up money geeks with the V here welcome to another video guys so into this video We are going to talk about tickets and boys CRM sales force So most recently in the news you saw that sales force is actually buying slack So you're probably wondering like why would a company like Salesforce buy slack So we're gonna take a look at that and I'm gonna tell you guys my position on this and if this is a buy Or just a wait or don't even touch so before we get started guys If you're new to the channel, we talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and a notification belt So you don't miss out on new content. So cell force is actually customer relationship management tool that it knows service people They have all HR or different sort of businesses that they can actually manage in one location They do things like you know employee management Sales management and all that good stuff and it's cloud-based, which is one of the most important thing about The particular solution. So they are actually working to acquire slack Which is also another company that helps productivity with companies by building teams and actually creating a team work Environment so if you have a huge team You can actually assign tasks and do stuff and track those projects and everything within slack So self force is by slack and so you're probably wondering but why would they be doing this? I personally think that they're trying to position themselves to be more competitive in the marketplace So so right now for CRM tools, there's a lot of competition out there Right now Microsoft is one of Salesforce's biggest competition that with their Microsoft Dynamics So if cell force wants to actually compete, they try to know it and grow they try to bring in other Areas where their business can potentially expand and not just with your CRM So I think they are actually positioning themselves to go after Microsoft because Microsoft has Microsoft Dynamics and then they also have Microsoft teams Which is the equivalent of slack So if you combine that which is all in one in one suite as opposed to going out and buying two separate products somebody would rather just buy Microsoft Dynamics and and attach Microsoft Teams on it because it's easy for them to manage You don't have to worry about two sales reps and all the good stuff that comes with it So you can call one person and address issues with their Microsoft teams and and address issues with Microsoft Dynamics But if you're on the flip side if you have cell force and then you have to go get slack Which those are two separate companies and so it'd be difficult for you to manage and reach out to those two So most people want a one-stop shop where they can go in get one No get their solution and just have one person want a contact person to resolve any issues So I think again, this is my speculation. I think that's the reason why they're going after it again to actually grow The market valuation because if you think about it now with slack You're looking at sales force is probably looking maybe about a 500 billion dollar valuation Which is insane in my personal opinion, you know sales force is currently trading at about 224 dollars and even after the news that they were going to acquire slack If the stock is still took a beating for some reason So if we if we look like yesterday Notice that this stock actually really pulled down for no for obvious reasons It looks like the market wasn't really happy with the fact that sales force was doing this So let's just fast forward again back to today The stock has gone up a little bit But I think to me this is a good entry point because now the market This stock took a beating if you can go get it in at this point at about 222 to 225 I think it's a great entry point So let's look at what tip tip ring actually puts down So if you look at right now, the target price for this is about 278 dollars. So if you are getting in at 224, that's still a pretty good entry point If you didn't get sales force from the get-go if you're still looking at getting into sales force So if you look at your project there high here is 320 average is about 278 and low is 217 So you're just a little bit above the low, which is to right now at 225 Average is 278 and the projected high is about 320 So this is if you look at here the ranking here is it's a strong buy at the current at the current price point So I'll be adding some sales force to my portfolio because I think this thing right now is on sale So if you don't have it Definitely do some research and see if this is a stock that you might want to add to your portfolio again I'm looking at people like Jim Cramer being so so bullish on this and thinking this is great for sales force and I think personally From a business standpoint, I see how it gives sales force the opportunity to compete and also really give them that possibility of making slack and Big name in the house and they're gonna increase slack customer because all sales force customers They can turn around and upsell slack to them right now because like hey If you want to manage your team and you're looking for a tool to be able to help you manage your team We have a slack and we might bundle it with our sales force product and give it to you at a discount So this is how the software companies usually do stuff I my background isn't in software. I did a lot consulting and so I know how when you go and somebody has a Package solution. It's easy for you to sell compared to when you have separate products So if you have ten products with ten separate reps, it's very difficult compared to if you have if you have ten products With one rep we did know the instant out you can call one person and address all the different products So that's why I think this is a great move for sales force I'm surprised that the market wasn't too excited about it, but I'm excited about it So I'm gonna be buying sales force. So let me know in the comment section What do you think about these cell phones are going in and getting a slack? Do you think it's a dumb move for you think it's a smart move again? 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