During this week’s market commentary, our advisors draw contrasts between the IPO market of the dot com era and the contemporary one. In our view, investors are “hard pressed” nowadays to find value with the current IPO market. Currently, the average IPO company sells anywhere between 25 times to 30 times its revenues. As value investors, we believe that there are better risk reward investment opportunities in the market place. In general, our investment discipline looks to identify companies with pristine balance sheets that provide a robust source of cash flow to pay dividends and buy back their own shares. Subsequently, we discuss two of the biggest players in the cloud storage space, Microsoft and Amazon. Our firm explores the cloud based budget plans of the leading Chief Information Officers, and analyzes which companies are better positioned to capture the lion share of their budgets.