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There are 'unusually attractive' prices for promising companies, says Ron Baron
Another take on Tech and whether the bottom is in...not so fast:
‘more pain to come’ for the tech sector
Higher rates make growth-oriented companies’ future earnings less attractive. Tech companies, especially those backed by venture capital, tend to prioritize growth over short-term profitability.
“When those companies really start getting down to answering the investor question, the path to profitability, they’re not going to love what they see,” said Bravo.
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