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Salesforce.com Is a Solid Growth Play

By Jim Cramer

 About this article:
 Is Salesforce.com a better company now than it was in 2007? Does it have more earnings momentum than then? Are the prospects better? Yes, yes and yes. So why is it 17 points below where it traded? Why does it trade less than two times its growth rate given that it beat the top-line and the bottom-line estimates and has $8 a share in cash that I am not even subtracting from its valuation? I know a stock up 6 points is hard to buy. I know that when MasterCard was up big after its blowout quarter, I suggested buying it up and buying it down, betting it wouldn't come in much. It came in and then went right back up. Salesforce.com, which demonstrably makes money and begins a quick payback the moment after it is installed, will most likely have a pullback no more steep than...

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