Veeva Systems: Sell-Off After Q3 Results Was Justified (NYSE:VEEV)

Core Insights - Veeva Systems (VEEV) recently reported its third-quarter results, which led to a slight decline in stock price due to lower return on invested capital (ROIC) and customer relations compared to previous periods [1] Group 1: Company Performance - The decline in Veeva's stock price is attributed to a decrease in ROIC and customer relations, indicating potential challenges in maintaining previous performance levels [1] - The focus is on identifying high-caliber companies that can reinvest capital effectively for impressive returns, with an emphasis on long-term capital compounding [1] Group 2: Investment Strategy - The investment approach is conservative, with occasional pursuit of opportunities that present a favorable risk-reward ratio, aiming for substantial upside while limiting downside risk [1] - A long-term perspective is maintained to potentially achieve higher returns compared to market indices, especially in a rapidly changing investment landscape [1]