After a sizzling 2013, Tesla Motors Inc (NASDAQ:TSLA) and Netflix, Inc. (NASDAQ:NFLX) remain Wall Street darlings, but Baupost President and CEO Seth Klarman thinks this is merely a byproduct of an extremely bullish market. In his latest letter to investors, a copy of which was reviewed by ValueWalk, the tone was largely one of warning about growing bubbles, rising risk and “inadequate potential return almost everywhere one looks.” He also explained that it seems like technology companies are valued more for what they plan to do rather than what they have already done. (see part i and part ii here)
Klarman On Tesla Motors Inc, Netflix: Bubbles, Bubbles, Everywhere
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
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