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WORK - Slack Technologies: When Great Isn't Good Enough
Slack Technologies Inc. Class A
In the market, stellar performance from a fundamental perspective is often rewarded with a high and rising share price. Sadly, this is not always the case. Growth companies, because of the high expectations put upon them, can come out with extraordinary news, even surpassing management’s prior expectations, and still the company’s shareholders can be punished. Such is the case at the moment regarding Slack Technologies (WORK). The company, by essentially every measure, fared well in the current environment, but that was not enough to prevent investor confidence from plummeting. This illustrates a