Woke up from coma after a year... Can't believe my eyes. What can I still buy??
Last summer, I had a nasty accident. Luckily I had sold all my stocks and moved 100% to cash.
Among my semiconductors, TSM was around $200 and still felt expensive at PE 30 something then. Intel was a joke with their 18A schannanigans - but no customer even touching it, their chips overheating. Advanced money destroyer was also a joke, so I sold all of that. Went out to party 🥳 My car wasn't self driving, so naturally without any "AI assist" tech, I drove it off the cliff because Google maps told me to. By the way, Google was also $150 - because search was dead, right?
Now waking up after a year in hospital, I can finally move my fingers to use a mobile to trade stocks (my post history was done with voice to text - which explains zero spelling misdakes).
I can't believe the numbers I'm seeing now 😱
I hear, we will soon have data centers in space which will help us all become better car drivers, because satellites will just navigate, surveil everything. So, naturally I checked space stocks. PE of negative 2000 seems quite normal these days. Price to sales of 5000? Lovely.. If something is even pre-revenue, even better!
</ sarcasm> (yes, I still code html pages)
\*\*Question\*\* How do I sensibly deploy my cash now? What looks like a decent value / growth at still attractive multipls?
I'm looking at basic industry and long-standing names like PepsiCo, Unilever and Colgate at one end of the spectrum. These guys now have every excuse to raise prices - as they did in Cocid times.
And, Palantir, Meta at other end of spectrum. As long as there are global conflicts, Planter is gonna plant. And I don't think Anthropic is dethroning it anytime soon. Just as we still use MS Word and Excel, the dream of AI self-writing all software is a bit delulu.
Meta - Half the world uses Whatsapp or at least one Meta product. Their new surveillance eyewear is quite promising.
Any other names that still offer decent value?