Terminal Value
Sonia Shenoy - HCL tech is at a fresh 52 week low today and getting hit hard post earnings. A few weeks ago I spoke to Kenneth Andrade of Old Bridge Capital on why he exited IT stocks completely earlier this year. "We dont know whats happening in the tech sector. will we know in the next quarter ? maybe, maybe not. If i had to build a portfolio today , I would build it without tech names" he says. He explained that the terminal value of the IT businesses are falling and there is a lot of uncertainty in whether these businesses can continue to grow in the same way as earlier. https://x.com/_soniashenoy/status/2046866990997074387 - Kenneth Andrade