Oracle shares down 20% this month, guest launched sell rating in September when shares were down 30% since that call
Exchange Host
Alex Heissl
Maintaining sell rating, sees more downside as market still pricing optimistic blue sky scenario
Alex Heissl
Costs to grow significantly higher - consensus EPS upgrades require $50B more spending
RPOs were key bullish driver for Oracle, asks how story changed after recent price decline
Exchange Host
Alex Heissl
RPO increases don't matter due to excessive risk and funding requirements