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.