Even though many of the people that invest in stock claim that Oracle is on a good rising path, and that now is the time to get on board, I think this logic is deeply flawed and that nothing good can come from buying Oracle right now.
The stock is on a rising path, but it is still down nearly 14% YTD. We should keep in mind that in September it sank to $61, which is nearly half the price then it used to have at the beginning of the year.
When we count in that Oracle’s plans with the cloud business didn’t pan out as they planed and the company is, more or less, struggling in this sector, I think the path to any sustainable growth is far. Please correct me if you think I’m wrong.
There are no replies in this thread yet. Be the first to post a reply below: