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Sprint's future always hinged on the ability to keep the disastrous Nextel acquisition from wiping it out. If Hesse could do that, Sprint's unlimited plans and Apple phones would take care of the rest. It will take many years for this to play out, but I think the turn is in its infancy, and I like Dan's assurances to me that there are no "Mission Accomplished" signs flying at headquarters.
Of this troika, the most difficult to fathom is Salesforce.com. First, it has run in anticipation of a good quarter. Second, there is no doubt that CEO Marc Benioff is running the fastest-growing tech company of the era in terms of blowing through billion-dollar milestones. Third, his company is despised by a small group of analysts who believe that it is just a house of cards, despite outstanding operating cash flow, which is what I use to test the "real" numbers.
I read all sorts of lies about Salesforce.com -- that it's not really making any money, that it is just a Ponzi scheme, that its products don't work well, that the acquisitions are papering over weakness.
In reality, Benioff is just trying to accumulate all of the technology he can in an amazing land grab before everyone else gets it.
Throughout those trajectories, people sniffed and catcalled and shorted, and it didn't work out.
The fact that of all of the metrics -- and I count 10 of them -- the only one that was "disappointing" was a guide-down in the next quarter, despite a guide-up in the next year, tells me that the huge after-hours selloff was extreme.
So, three companies. One that is perfect, Hain, but is now expensive, one that is long-term positive, Sprint, with real profit-taking, and one that is so controversial as to be a total battleground, Salesforce.com.
If you can stomach a battleground -- hard for me -- Salesforce.com is right, and it was just kept down by endless short-selling last night. If you have patience, Sprint is going to continue to work, in my opinion.
And Hain? Let's just say let the market bring it down a little for you, because the company's execution sure won't. It was and is flawless.
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long AAPL.
It's Better-Mousetrap Time
Posted at 7:36 a.m. EDT on Friday, Aug. 23