[The program] has really come a long way. Everyone has just been working hard. |
Companies did a pretty good job of cutting costs. |
I know they love me win or lose, but tonight it was about getting it done for all of us. |
I think some people forecasting [profit growth] in the single digits are being conservative, which is a good thing when it comes to stocks. They are lowering the bar, which allows companies to meet or exceed estimates. |
Where people make a mistake is that they think high-quality companies will translate into high quality stocks, and that often is not the case. With a popular company, you get high expectations and that can push things up so that the stock is not worth buying for awhile. |