It’s time we add a new subsector to the technology category. Along with hardware, software and chips, the latest group could well be Victims of Apple and Google.
As the two monsters of innovation grow ever more dominant, many other companies are seeing their products and services marginalized. The result has been an expanding roster of stocks that investors need to avoid despite their tempting, single-digit profit-to-earnings ratios.
These companies, while very different in terms of their individual business, are similar in that their inability to adapt leaves little room for significant near-term appreciation in their stock prices.
Cheap stocks that need to be put on investors’ “don’t buy” list are:
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