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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: MisterFungi ✧  😊 😞
Number: of 22989 
Subject: Re: SAP SE
Date: 02/02/26 9:19 PM
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<<I hear their cloud stuff is doing very well indeed.>>

Well, sort of.

This is NOT my area of expertise (although I, like many folks, have had direct experience with SAP apps over the years). What I read is that some of SAP's biggest customers--e.g., entire governments and major non-US enterprises--are squeamish about moving their critical SAP systems into the cloud when most of that "cloud" will in fact reside on servers operated by Google, Amazon, Microsoft, et al. and not by SAP. SAP insists that they have systems in place to prevent leakage and that it's simply too late for SAP or anyone else to create a new rival to those behemoths from scratch.

So there's been some foot-dragging.

On top of this, shares of software companies have experienced a good deal of multiple compression recently, out of concern that AI will render a lot of their moats, um, evanescent.

All that said, I'd been looking at SAP for nearly a year now, as I've begun to educate myself about ways to diversify investments away from US-based companies, and dollars. The share-price drop has increased my interest.
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