Thursday, May 17, 2012

Hedge Fund Star Touts Top Tech Stock


>>Equinix is a datacenter specialist, which Laffont referred to as the "core" during a keynote presentation at the Ira Sohn conference. Data warehouses have become strategic and the company is considered "beachfront property," he added.

  Equinix has spent $2 billion buying data centers, and it generates 30% return on equity. Laffont believes over the next four to five years the company's revenue could reach $4 billion and its share price could hit $500 a share. The fund manager is the largest holder of Equinix stock.

No comments: