Salesforce's $25 billion accelerated share repurchase, the largest ASR in history and half of its $50 billion buyback program, should have an EPS impact people don't yet understand. Its numbers already made it very attractive, and the initial delivery of about 103M shares shows how bullish Marc Benioff is. x.com 

Salesforce at a 52-week low trades like a broken business at about 11x forward earnings, yet it is 95% subscription with 77%-plus gross margins and $72 billion of RPO, up 14%. Marc Benioff has repurchased $27.1 billion, cutting diluted shares 10%, and says AI makes Salesforce stronger and the latest quarter had a record volume of large deals. A roughly 1% Anthropic stake bought for about $330 million is now worth over $8 billion, value the market is giving away free. x.com 

Salesforce is fully priced, even a little more than worth paying, for roughly 12% annual growth: trailing revenue of $43B is expected to reach $63B by 2030. A lower price would be needed for a long-term position, and it is not a buy-and-forget stock. x.com  x.com 

Salesforce's $25 billion accelerated share repurchase, starting Monday, March 16, and syndicated out over months, should provide at least a short-term floor for the stock. x.com 

Salesforce's strong free cash flow and healthy balance sheet support its setup as enterprise AI adoption, Agentforce and AI-driven workflow automation advance. Its earnings gap on four times average volume has been followed by a tightening formation. x.com  x.com 

Salesforce keeps falling despite a $25 billion debt-funded buyback, a sign of how loosely private credit lends. It issued $25 billion of senior notes in March to fund an accelerated buyback at $198.34, yet the stock is near $163 and below its 52-week low, while ServiceNow trades 20% above its own. A Barron's downgrade hinted at what people already knew: Marc Benioff is doing nothing to steer the company through the SaaS sell-off. x.com  x.com 

Salesforce's proposed Braze acquisition opens another avenue for growth. The $5.7 billion all-cash price raises questions, though quality growth companies command a premium; whether this deal proves worthwhile remains to be seen. Closing is subject to Braze shareholder and regulatory approvals. x.com 

Salesforce can deliver a 30% annual return, and that target is conservative. A modest dividend, cash flow growth and even slight multiple expansion are enough to get there. x.com 

Salesforce's debt-funded buyback alongside planned mass layoffs could end in a massive stock collapse. Per Kalshi Finance, it borrowed $25 billion toward a $50 billion buyback while preparing to cut 45,000 jobs, despite record profitability and 11% revenue growth. On the chart, its 200-period moving average looks set to break, following the software sector's trend and 50-period average breaks. x.com 

Salesforce, at the forefront of CRM for decades, is far likelier to build an even better product for the AI era than companies are to build their own CRM, making it the favorite SaaS name. The case examines what it would take for Salesforce to compound about 27% a year over the next five years. x.com  x.com  x.com