Are you paying too much for tech stocks?

Livewire Exclusive

Livewire Markets

Mining companies have traditionally traded at a discount to industrials due to the limited life of their assets. Amit Lodha, Portfolio Manager at the Fidelity International Global Equities Fund, likens it to valuing a melting ice cube – here today, but gone tomorrow. Years ago, healthcare companies used to attract large premiums due to the excess cashflows they produced, but once their patents expire, they too become like melting ice cubes.

Today, technology firms are likewise attracting large premiums based on forecasts of growth in perpetuity. But could the tech leaders of today be the AOLs and the Yahoos of tomorrow?

Watch the video below to hear Lodha’s take on disruption in the technology industry.


Want to learn more?

Fidelity identifies the industries of the future and the stronger management teams within those industries. They believe that they will be the best companies to make money for investors. If you want to find out more hit the 'contact' button to get in touch with them or visit Fidelity's website for more information.


2 topics

2 contributors mentioned

Livewire Exclusive
Livewire Markets

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment