Concur Technologies, Inc. (CNQR)

Downthumb. High valuations. 35% sales growth rate. But 121% Cap-ex growth rate. Good cash on-hand. No debt. But possible slowing sales could bring valuations down.

This account tracks the performance of the investment firm Ruane, Cunniff, and Goldfarb - the investment manager of Sequoia Fund.

Oh no their CEO doesn't have a Degree in what he claims, but still they know how to make money and that's all that counts, short term fear makes this stock super low right now but has everything needed for a super stock

This stock has held up incredibly well during the ongoing massacre, indicating strong institutional support and (hopefully) upside potential once things ease. There are huge inefficiencies in its niche (processing corporate travel and expense reports), a situation that is ideal for growth of a scalable, Internet based service delivery model.

Guru momentum

Gapped out of cup with handle on big volume, then successfully tested gap and closed in near high for day

No idea what justified a P/E>100 for a company with relatively narrow product line.

Stock has taken a beating since it popped on last qtr results, but the fundamentals are there. Steve and Raj Singh have built a fine company and their secret weapon is Tom DiPasquale, who sold his innovative company to Concur, and has stayed on to drive further innovation. They are best of breed in expense management space and have a lot of room to run. Expect their stock to recover when they again beat expectations the next quarter.

strong product, management and growth by 3 favorite things

4th favorite is a bunch of naysayers screaming about valuation, growth commands a healthy premium in a market like this

My company currently uses an application from Concur and it's great... but the fact is that the P/E is way too high and could have a correction on the stock price if revenue does not grow rapidly...

Good TA. FA is pretty good too.

HighGain+ HighPE

You can't seriously think this isn't overvalued? They don't make nearly enough to justify this market cap. The growth rate isn't going to do it.

Great company with innovative technology. Great for small to mid-size companies where they have very little competition and tremendous growth opportunities.

Interesting product and innovative concept but minimal barriers to entry to justify this valuation.

Due for correction.

Rich Valuation.

FY1 P/E ~ 80+

FY1 PEG Ratio ~ 3+

FY2 PEG Ratio ~ 2+

Granted the company is growing pretty fast...but the barriers to entry are minimal and the current premium in not justified.

Price target <$25

Longs who are you kidding?

CNQR price should AT LEAST be cut in half. And then probably cut in half again.

Most blue-ribbon stocks in the Software as a Service category (OMTR, CNQR, CTXS, RNOW, TLEO) are trading below their 52-week highs, and the market is somewhat soft at the moment. If you are looking for things to buy, SaaS is a great category to load up on. I am pretty sure that the growth in these companies will continue over the next 3-5 years. What’s more, we should see some very interesting M&A activity in 2008.