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How Top Bargain Hunters Learned To Love The High-Flying FAANGs

TedTed
in Fund Discussions
FYI: Bill Nygren calls himself a value investor: He buys stocks selling at a deep discount to what he thinks the underlying businesses are worth.

So he isn’t surprised when shareholders in his $20 billion Oakmark Fund raise their eyebrows upon finding out that he owns high-flying technology names like Apple Inc., Alphabet Inc. and Netflix Inc. With a price-earnings ratio of 241, Netflix is no obvious bargain in a market that trades at a 22 multiple.
Regards,
Ted
https://www.fa-mag.com/news/how-top-bargain-hunters-learned-to-love-the-high-flying-faangs-37546.html?print

Comments

  • Lawlar
    Just like the nifty fifty of old. Wait until all the big funds that have loaded up on these few stocks have to unload them to meet redemptions.
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