NetApp is cheap for a reason
Overpaying for growth is the main risk for technology investors; however, cheap technology stocks also have risks. A "value trap" investment looks solid and profitable whilst being priced soundly on the market. But once you examine the business fundamentals without rose colored glasses, it is clear that the company has already started the long gentle slide into this good night. In our recent travels looking for market sell-off bargains, we thought our review of NetApp's (NTAP) situation was worth sharing.
So, this week we review