The valuations of newspaper stocks have become exceptionally attractive because the outlook on these companies has become particularly negative. |
There seems to be some real momentum building at Nissan. |
This company has made a huge change over the years from basically a bankrupt company to a very successful one. |
We are seeing a real recovery in tech revenue and earnings, and we look at 2004 being a reasonably good year for the economy. The question is: Does the outlook really support the market run and the valuations we put on those companies? |
We had a great deal of exposure to China last year but we've been reducing it mainly due to value not being there at the moment. |
We know how to value companies. And we go where the value is. |
We've been steadily climbing the market cap scale. |
What we really like about the European companies is their ability to expand east. |
What you've seen out there is nutty. It doesn't make any sense. |
When you have stocks that are doubling in value in a few weeks when there's no significant change in fundamentals, that's all you can hope for. It's not worth hanging onto any longer. |