To that end, disregarding profits for a "grow at all cost" mentality may one day prove to be a regrettable decision. It has made fools out of a lot of investors. I'm not suggesting that Workday will go belly-up next month. But the excitement, in my opinion, is a bit exaggerated. I make no apologies for raising valuation concerns on any company absent the necessary profits to support the stock price. This is not a situation where I'm just being overly critical on Workday. From my vantage point, there are much better value plays out there, and with stronger profitability. Although management has talked down the company's head-to-head battle with NetSuite ( N) in the financial and ERP (enterprise resource planning) markets, I believe NetSuite presents the better value, especially given that NetSuite has begun to differentiate in to other end-markets. Follow @saintssense This article was written by an independent contributor, separate from TheStreet's regular news coverage.