Absent a potential takeout, prolonged price competition and low returns on capital will depress investment returns.
Research and Markets: Global Cloud Computing Market Report: Infrastructure, Platforms, and Services 2015 - 2020
Vitaliy N. Katsenelson, CFA, is Chief Investment Officer at Investment Management Associates in Denver, Colo. He is the author of The Little Book of Sideways Markets (Wiley, December 2010). To receive Vitaliy’s future articles by email send a blank email to firstname.lastname@example.org.