Using an Old Screen to Shift Through Value Names and Find a Few Nuggets

Near the tail end of the 2000-era tech boom, a couple well-known value managers separately told me they at times had wondered whether value investing had gone the way of the dinosaur. During that time, investors paid richly for companies with little or no revenue or earnings as long as those companies in some ways were related to technology or the Internet.

It was believed at the time that classic metrics such as price/earnings multiples, book value and even cash flow no longer mattered. It was a new era, with new metrics, and the old, antiquated measures of determining a company's value were useless....406 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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