IPO'd 6/4/20 - In at $35.70 and things are taking shape quick..
This is ZoomInfo ZI which has nothing to do with ZoomVideo ZM, other than the fact that 90% of ZoomVideo's sales force uses (paid users) ZI for customer prospecting. All the other mega tech companies integrate with ZI also. That's how good they've become in the space. It has 1.2b in debt coming into the offering. The CEO stated they'll use the raised capital to pay down that debt. Wall St loves and rewards growth with low debt or no debt, and as long as they use their cash wisely (NO STOCK BUYBACKS) I'll be in the name. The minute this CEO decides to start that buyback bullshit, I'll sell!
From CEO Henry Schuck- “We’re hiring people that used to work out of Papa Murphy’s or they’re in a retail call center," Schuck said. "We’re turning them into sales executives where they have six-figure salaries and can save for their children’s college and buy a house.”
I like this guys vision. :)
On the technical side. You can see that our first shape analysis shows a cup and handle pattern. We should see a move to $41 to challenge the ATH. Regardless, this stock is just getting started.
From CEO Henry Schuck- “We’re hiring people that used to work out of Papa Murphy’s or they’re in a retail call center," Schuck said. "We’re turning them into sales executives where they have six-figure salaries and can save for their children’s college and buy a house.”
I like this guys vision. :)
On the technical side. You can see that our first shape analysis shows a cup and handle pattern. We should see a move to $41 to challenge the ATH. Regardless, this stock is just getting started.
