NEW YORK ( Stockpickr) -- With the benefit of hindsight, it's pretty clear that many stocks were overvalued at the height of the dot-com boom. Indeed, some tech stocks quickly shot past the $100 and then the $200 level in just a few quarters and after a subsequent plunge, have never been anywhere near there since.
Even outside of tech, a wide range of stocks soared quite high back then. GE (GE), for example, soared from $10 in 1995 to $60 in 2000 and now trades at just one-third of that peak.
Yet even as many stocks trade for lower prices now, the underlying businesses are often more robust than ever.