The Panic-Proof Portfolio (Stockchase Research)SlackWORKBUY ON WEAKNESSJul 28, 2020

Mission is to eliminate email, to lead to higher productivity. Interesting product. Being acquired by Salesforce, in a huge deal. He worries about competition from MSFT Teams. Post-pandemic, businesses are going to be consolidating and eliminating vendors.

It can't get any traction. It should be a natural work-from-home stock. True, it popped from $15 to $40 between March and June, but then lagged other work-cloud stocks because Wall Street feared too much competition in this space. Last month, Slack reported a solid top and bottom, except billings and net retention rate (additional business from existing customers). He thought these numbers were fine, but Wall Street didn't. Yes, there's competition--his own poll show that Slack is being clobbered by competition from Microsoft Teams.

It can't get any traction. It should be a natural work-from-home stock. True, it popped from $15 to $40 between March and June, but then lagged other work-cloud stocks because Wall Street feared too much competition in this space. Last month, Slack reported a solid top and bottom, except billings and net retention rate (additional business from existing customers). He thought these numbers were fine, but Wall Street didn't. Yes, there's competition--his own poll show that Slack is being clobbered by competition from Microsoft Teams.

He likes the business productivity tools of Slack, but he would favour Microsoft for the tech space. IPAY will give you a bucket of payment option, but he would prefer to chose his own securities, like Visa. The payment space is a budding part of the e-commerce space that will continue to take off.

Another Canadian success story. Valuation is quite rich. Other companies have a better risk-adjusted reward. For the collaboration space, he'd look at Open Text with its great track record. instead. WORK has a lot of shiny promise.

They just went public to a lot of fanfare. Since then, the stock has pulled back, because Microsoft responded with an app, Teams. Slack's software is better than Microsoft's, and many users are already content or ecstatic with Slack. He will add to his position.

They just went public to a lot of fanfare. Since then, the stock has pulled back, because Microsoft responded with an app, Teams. Slack's software is better than Microsoft's, and many users are already content or ecstatic with Slack. He will add to his position.

The company behind the workplace chat app filed with the Securities and Exchange Commission revealed plans to list on the New York Stock Exchange under the SK symbol.