Oracle is a stable company with a wide economic moat and good management, with free cash flow growing EPS at 15% per annum. It is currently being priced for zero to low growth.
Even if Oracle 's moat is slowly being eroded, it is too cheap. The market is underestimating the stickiness of the customer base and the extent to which it has expanded its portfolio to encompass new technologies and new platforms, as well as the way it is managing its transition to the cloud. While it is in an earlier stage of its transition, we believe Oracle can repeat the same success as Microsoft .;/p: