The Zoom/ZM Fiasco

One of the themes echoed throughout my columns has been the importance of carefully estimating intrinsic value before investing. Nothing drives this point home more forcefully than the Zoom Video Communications Inc (NASDAQ:ZM) fiasco.Q1 2020 hedge fund letters, conferences and moreZoom Video Communications’s StrugglesZM is the ticker symbol for Zoom Video Communications. This is the company that produces the interactive video software that has become so popular during the lockdown/work at home period. It is a substantial company with a market capitalization of approximately $40 billion dependi…

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