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Strategies & Market Trends : Value Investing
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To: Graham Osborn who wrote (58486)11/15/2016 4:27:05 PM
From: MCsweet1 Recommendation

Recommended By
Micah Lance

  Read Replies (2) of 78748
 
Re: FIT

Not saying FIT is a bad buy, but buying based on book value, while great for banks, may be a bad idea for tech. I think over many years my forays into P/B buying of tech stocks were not that great overall (except 2002-2003 when I was getting them below current asset value!).

If a technology goes out of favor, book isn't going to help much unless you are below liquidation value. And assuming P/TB is just under 2, this doesn't seem to be the case.

If you like the technology and it is a good value stock, then that works.

Good luck,
MC
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