Barrons article...
Here is part of the article about CDTS from Barrons. I cut and pasted this from another message board.... I haven't read the complete article.
"Good Tech Stocks Cheap:
Yes, There Are Such Things"
By Mark Veverka
You don't have to overpay to own tech. Despite what many talking
heads are blathering about lately, paying up for the big names isn't the
only way to play technology during these highly volatile times.
If you are willing to shake the bushes, there are a number of
fundamentally solid technology concerns that are undervalued and poised
for explosive growth. You just have to kick more tires, do more
homework, be extremely patient and have a cast-iron stomach.
But at least you don't have to resort to rank speculation in lieu of
investing, says Will Edwards, the 44-year-old founder and manager of
Palo Alto Investors, a micro-cap hedge fund located, as its name implies,
in the shadows of Stanford University.
"Valuations are scary. The lack of original research is scary. But the
potential that has opened in recent years is phenomenal," Edwards says.
After enduring some very lean years, Edwards' $200 million micro-cap
portfolio -- which is tech-heavy but not exclusively technology -- is up
nearly 1,700%, after fees, since its inception in January 1990. In the same
stretch, the S&P 500 grew about 445% and the Russell 2000 around
280%.
...
What does Edwards like these days? His top five holdings now account
for about 40% of PAI's portfolio. They are Abbott Labs, which the fund
still holds in the wake of the Perclose acquisition; ArthroCare, a
medical-device outfit; Conductus, a potential wireless Internet play;
Embrex, an agricultural biotech stock that boasts 30% per-share earnings
growth, and Stillwater Mining, which produces palladium, a key ingredient
in chip sets for wireless communications and for the catalytic converters
used by cars and trucks."
Libbyt |
