ServiceNow's unexpected expense surge makes its rich valuation more vulnerable in a struggling software sector. Revenue rose 21%, but spending drove an EPS miss and one quarter of guided cRPO deceleration; wider market conditions could hurt near term. The 20% selloff looks excessive, and few software companies should benefit as much from AI. Management could deliver over 3-5 years, though the stock is only close to a buy again now; below $100 looks good for the long term. x.com  x.com  x.com  x.com 

Intuit's growing business platform makes pricing the whole firm like slowing TurboTax too pessimistic. It is 54% of revenue, grew 18% in FY26 and is guided to 13-14% in FY27; 15% growth in revenue per customer shows switching costs, though new-customer targets are missed. At ~14x FY27 earnings including stock comp (16x GAAP), shares imply low-single-digit long-term cash flow growth. If the platform grows ~10% and consumer stays flat, EPS should grow ~8-10% a year, beating the index even at 12x. … Show more

Intuit is not very compelling at about 14.5x normalized 2027 EPS after stock-based compensation; maybe it deserves 18x, though there is probably little realistic downside from here. x.com 

Intuit looks attractively valued, trading at 17x earnings while growing 11%. x.com  x.com 

Intuit is well placed for a software rally, with EPS likely to accelerate and its P/E multiple to recover. Starting a business has never been easier, and those businesses need accounting software. They won't vibe code their own, since it is a small cost that must be tax compliant and linked to governments for automatic filing, and vibe-coded rivals risk security breaches. Businesses are also subscribing to AI features inside accounting software, such as automatic cost classification. x.com 

Six high-quality favorites of well-known investors trade at discounts: Uber 28%, held by Bill Ackman and Thomas Russo; Fair Isaac 53% and Intuit 46%, held by Dev Kantesaria and Lindsell Train; Microsoft 29%, held by AltaRock and Chris Hohn; Brookfield 23%, held by Josh Tarasoff and Chuck Akre; and S&P Global 27%, held by Kantesaria and Hohn. x.com  x.com  x.com  x.com  x.com  x.com 

Intuit is a high-quality compounding software business worth owning while sentiment is weak, thanks to ecosystem advantages across TurboTax, Credit Karma, QuickBooks and Mailchimp and AI layered into products with deep customer relationships. It reported strong Q2 FY2026 results and reiterated full-year revenue guidance of $20.997B-$21.186B, about 12-13% growth, with 14-15% non-GAAP EPS growth. x.com 

Intuit trades at only 11x forward earnings, a valuation back down to earth and then some versus the roughly 2% free cash flow yield it averaged from 2013 until the SaaS crash. Its tax and SMB accounting markets are known and not shrinking, growing at least with GDP and population; the only question is how much Intuit captures. Free filers were never the valuable customers. Non-GAAP earnings exclude stock compensation, but Intuit's adjustments are typical of peers and less sketchy. x.com  x.com  … Show more

Paycom is showing what a foundational software business looks like at scale, with a record 44.2% adjusted EBITDA margin in Q2 2026. Automation from Beti and GONE keeps compressing its operating cost per client. x.com 

The market is offering a shot at amazing businesses at low multiples: Intuit at 9x, Salesforce 10x, Meta 17x, Microsoft and Uber 20x, NVIDIA and Netflix 21x, Mastercard 24x and Amazon 25x. x.com