NEW YORK ( TheStreet) -- Banking on high growth while ignoring fundamentals is nothing new for investors in the tech sector.
This has been my main point of contention with stocks such as Salesforce.com (CRM) and Red Hat (RHT), which sport P/Es that often offend value investors. Nonetheless, those that are filled with illusions of grandeur care very little that the current fundamentals of these companies may not support the inflated valuations.
This is particularly true with stocks having anything to do with the "software as a service" (SaaS) space, or "the cloud." But I wonder, how can one sector fully support the growth expectations of its entire group?
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