Arnold Van Den Berg: Tech Stocks are Cheap, the Market Yawns

An excerpt from this GuruFocus interview with Arnold Van Den Berg, founder and Co-Chief Investment Officer of Century Management:

I believe large cap tech stocks are one of the cheapest areas of the market. Stocks like Microsoft (MSFT), Dell (DELL), Cisco (CSCO), and Applied Materials (AMAT) are names that come to mind...Isn't it interesting that 10 years ago the market was silly with excitement about tech stocks and willing to pay 30, 40 and 100 times earnings, yet today they sell at 8 to 10x earnings and free cash and the market yawns?

Van Den Berg is just another of what is now a long list of value-oriented investors who are buying large cap tech stocks.

Now, if Buffett were buying tech stocks we'd really know the investing world had been turned upside down. Check out the full interview.

Adam
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Arnold Van Den Berg: Tech Stocks are Cheap, the Market Yawns
Arnold Van Den Berg: Tech Stocks are Cheap, the Market Yawns
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