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November 13, 2007
Tech: Cheap After the Tech Wreck?
So, is tech cheap after the tech wreck? Depends what you mean by cheap. Because while you're not going to see tech suck in any deep-value investors, a number of names do look interesting in here, as the following figure shows. (Note: FPE(1) is the forward price-earnings multiple of the company before the wreck began a week ago, and FPE (2) is the forward multiple today.)
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Wow...I don't follow individual stocks much anymore (I'm a boring indexer) but those numbers make me want to ditch my indexes for GOOG and AAPL.