Investment Thesis
Slack (WORK) has the right narrative but the wrong valuation. On the surface, its numbers are sizzling hot, but on deeper analysis, a very different story emerges.
I highlight many of the positive aspects but why, on balance, investors should avoid this investment.
(Source)
Investing in 2019
Slack come out of the gates sizzling hot, and its shares soared on the first day of trading. Why? Because it all the buzzwords which investors were salivating over: SaaS, recurring revenues, asset-light, 'workflows' - by now, you probably know the spiel too.
And