Slack Technologies (WORK) continues to struggle a bit, at least in terms of the share price. By mid-March, I looked at the investment thesis for the company as I concluded that there was room for improvement.
I noted that Slack should see continued and actually solid growth as it is a prime beneficiary in the COVID-19 crisis, yet the company continues to cause dilution for investors through large losses (driven by stock-based compensation expenses). Nonetheless, I liked the relative low sales multiples and the potential, yet some real operating leverage would be required,