Our bet here is that stock trading between four and five times cash flow going into next year, ... They've got very little debt. These guys are either buying back shares or looking at other companies. |
Stock prices have done massive amounts of correcting. |
The biggest thing about them is not only are they talented, but they're talented and deep. |
The earnings picture has come in much better than expected. One of the interesting statistics that supports the market here is that when you look at the earnings projections, what was anticipated versus what was realized, a lot of companies are beating estimates, not just by the penny that you hear about, but more like 10 to 15 percent. |
The real short-term outlook for us is pretty positive given that we don't see a Fed rate hike in August and that due to political noise, if you will, we are not going to see a rate hike in October. But on the earnings front it is a different issue. Looking into 2000, our longer-term forecast, we've had two great years of earnings growth. We think it is going to be pretty difficult to show up with another year of 30-to-40 percent earnings growth. So, consequently, our message has been a lot more selective about the securities that we want investors to focus on. |
The simple fact is that it's very dangerous, especially at night because low hanging power lines are hard to see, |
There's an element of fear and an element of a long-term revaluation of the market going on here. |
There's no way you can get jazzed up about the broad technology market, no way, |
They are down to the base needs so they are not focused on their bigger picture, long term financial needs. |
This is huge for us. This team came out of nowhere. We surprised some teams ... and this is just an awesome feeling. |
We go from the No. 2 team in the state to the No. 1. What can you do? You just have to keep fighting and keep trying to get better. We just have to keep believing and try to make something happen. |
We must put energy independence at the top of our national agenda. To achieve it, we must have a plan of action, we must be willing to change our behaviors and, most importantly, we must have dedicated leadership to make it happen. |
We needed a big play. I threw it up, David go under it touchdown! |
We think the earnings picture shaping up for this quarter is going to be absolutely stupendous, led in part by semiconductors and networking firms. Looking forward that's a different story. We've had two great years of earnings growth. We think it's going to be pretty difficult to show up with 30 to 40 percent earnings growth. |
We think the earnings picture shaping up for this quarter is just going to be absolutely stupendous, led in part by semiconductors and the networking firms. They're all reporting in the next two weeks. |