Hi all, I can see that Zoom has really solid financials but where do you see growth in the next 5-10 years horizon? From how I see it, Zoom's revenue growth will slow down in future and as a tech company, it is going to get beat up really badly just like Meta and Netflix really soon down the road. When revenue growth slows down, it will eat into its profitability as more revenue will have to be allocated towards sales and marketing. From its heavy cash holdings in comparison to low debt, Zoom doesn't seem like it will go bankrupt anytime soon.
My issue is, are shares of this company even worth $50? Covid-19 pandemic pump is understandable but like Pelaton, it only offers video-calling features and is so popular because it is very convenient and easy to use compared to competitors like Salesforce's “Slack”, Google “Hangouts”, Microsoft “Teams” and even Discord's “Nitro”. Also, Zoom's PE is around 20+ at the moment and for tech companies, future growth is priced in so won't this crash to nobody's land once growth slows down? I also don't see any form of innovation into other sectors for alternate revenue streams.
Could Zoom shareholders share their bull thesis on Zoom's growth in the next 5-10 years? Also, why does ARKK own so many Zoom even?
TLDR: Why do you hold Zoom?
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