[It is] the best low-cost credit card producer in the country, ... You back up that credit card business, you're buying the core bank at eight to nine times earnings. There's no need to chase the big boys when you have Bank One, a $60 billion company sitting there really cheaply. |
[Lockheed stock] is trading about 10 times, 11 times earnings right now, ... The defense sector is unloved because the market is chasing the tech sector. So, that gives us great opportunity. |
As in previous years, repatriation starts slowly in March. Parts of Afghanistan are still too cold to return to at this time of the year. The pace peaks in May, June and July. |
For individual investors, this is probably the most optimal time to buy value stocks because growth stocks are so over-the-top expensive. |
General Electric ranks low on the list for transparency. |
I see their rate of growth declining over time, ... I don't see how you can keep growing earnings 10 to 15 percent with a company this size. |
If the population is growing, then the decline is even more significant. |
It's a huge company. It can only grow at a certain rate. |
It's a very clean balance sheet, |
That's a very direct contribution that we're trying to accomplish, underground the wires as much as we can do. |
They have a very fast growing variable annuity business that has not even been recognized in the market place, yet, ... It's just perceived as a stodgy property and casualty company. |
We think the value universe has opened up some tremendous opportunities. |
We've been saying from the beginning that we wanted to get the number of positions down. It waters down the portfolio too much. |
You know what is going to happen. There won't be a shortage, we'll have our clinics, then we'll have a shortage. Then we'll start rationing the vaccine, and we'll end up wasting some of it at the end of the season. |