Bottom-barrel pricing is seldom something you'll find in the technology industry.
They're a bit like oil and water. In general, they just don't mix. However, on occasion, Mr. Market will hand investors a favor in the form of a dirt-cheap tech stock.
Let's take a look at two such instances.
Show me the value
Forgive me for the lack of creativity, but the two especially attractive options I want to highlight are household names Apple (NASDAQ:AAPL) and International Business Machines (NYSE:IBM).
For Apple, the proof is in the numbers. Slice it however you like and the facts still point to the same conclusion, Apple is simply too cheap still at today's levels. Despite any number of big-picture growth catalysts, Apple remains priced for little or no future growth.
In looking at IBM, the rationale for owning its share is decidedly more long term and obvious based on the numbers alone. In fact, IBM is very much struggling today to overcome slow growth. However, chances are good that, with enough time, IBM will find a way to continue to drive value for shareholders.
In this "Ask a Fool" video, tech and telecom analyst Andrew Tonner looks at Apple and IBM in greater detail.