Investors Ignore Data Center Firms Spending Problems
Has a leading data center firm finally seen the stock stall after a strong year of gains? Equinix (NASDAQ: EQIX ) now trades at a phenomenal 67x forward earnings yet investors apparently can’t get enough of the stock with it up 120% since the start of 2012. While the stock surged to a multi-year high last week, the data center firm continues to spend more on capital expenditures than operations more » Disclosure: No positions mentioned. Please review the disclaimer page for more details.