The Tech Sell-Off? Wake Me When Amazon Hits $200

Original post

As some of the tech darlings have fallen rather sharply over the past couple of months, I begin to get the inevitable questions about the wisdom of buying these market darlings.

Everyone just assumes that because I am an investor, I care about these stocks. After all, they’re the ones on the news and in the papers – the stock market equivalent of “must-see TV.” The truth is that I don’t give a rat’s furry behind about the “growth and glamour” stocks.

Why? I could never justify paying the multiples of asset value and cash flow that these stocks fetch at any given moment in time… except in the aftermath of a precipitous decline.

But are they on sale “enough” to suit my tastes or, since you’re here, move me to recommend that you spend your hard-earned ducats on them?

Let’s have a look…

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About the Author

Tim Melvin is an unlikely investment expert by any measure. Raised in the “projects” of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing – and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find “unreasonably good” bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked “hidden gems” in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the “Little Book of” Investment Series and a “Junior Chamber Course” geared towards young adults that teaches Graham’s principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of “Max Wealth” and Heatseekers.

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