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Value Investor Robert Olstein - Don't Chase Fad Stocks
Posted by: Canadian Value (IP Logged)
Date: November 14, 2013 10:14AM
Robert Olstein says the music has changed but the dance is the same.
He is talking about the valuations of tech companies/social media stocks and he believes that we are again in a situation that is going to end badly for investors.
Olstein warns that investors in LinkedIn (LNKD), Twitter (TWTR), Amazon (AMZN) et al are valuing companies based on revenues. That won't work because revenue doesn't generate free cash flows.
Guru Discussed: Robert Olstein: Current Portfolio, Stock Picks
Stocks Discussed: LNKD, TWTR, AMZN,