[But a P/E ratio is not to be dismissed completely.] It's one of a number of things, ... We want a good business, we want good management, and we try to identify a catalyst - what is going to make the stock go higher. Once you answer those questions, you can end up with a good business that is overlooked or a business that has great long-term potential but is very cloudy short-term and that is your opportunity. |
[Symbol Technologies is] not a household name but everybody knows their products. They're a bar coding company, so when you return an Avis car that's the bar coding that they're doing, ... They are a productivity improver. They need capital spending from corporate America but when that comes back, we think that the stock, which was at $40 two years ago, has about 50 percent upside. |
A big part of the story from this point is what the future holds for them. They just have more work to do and more growth to pursue through this acquisition than the other large-cap names. |
Abbott Labs [is] absolutely are on the mend. You were able to buy 15 percent growth over the last five, 10 and 20 years at 13 or 14 times earnings, ... It's a great opportunity. Buy on this dip. We think a year from now the chart's going to be a mirror image on the up side. |
About 3 years ago, it was considered one of the best restaurant chains in the country, ... they've run into some hard times. |
At some point corporate profits are going to slow down, but the environment right now is very, very good, ... You have inflation that is very tame, you have interest rates -- even though they've gone up a little bit and might even go up a little bit more -- that are still fairly low, and you have corporate earnings that are coming in nicely, and even if they slow down, multiples aren't way out of line. |
At some point corporate profits are going to slow down, but the environment right now is very, very good. You have inflation that is very tame, you have interest rates -- even though they've gone up a little bit and might even go up a little bit more -- that are still fairly low, and you have corporate earnings that are coming in nicely, and even if they slow down, multiples aren't way out of line. |
Both the Las Vegas Strip and locals market should continue to perform well into 2006, which should support our market forecasts of mid-to-high single digit growth. |
By many measures the market is overvalued. We've had a wonderful two year rally. Typically, after you have a two year rally like that, the markets will slow. Greenspan will be one of a number of things that cause that. |
Citigroup consistently demonstrates that its global franchise can deliver on many fronts, |
Citigroup consistently demonstrates that its global franchise can deliver on many fronts. |
Clearly the market is giving this a thumb's up. Steve Jobs would have a huge vested interest in making Disney successful. |
Clearly, the market is going to be nervous in the next few weeks, ... Even in a rally, it's going to be a nervous rally. |
Clearly, they paid a full price for it and there are uncertainties associated with Guidant. |
Clearly, they paid a full price for it and there are uncertainties associated with Guidant. But (the deal) does change the whole business and the franchise of Boston for the better, assuming they pull it off. |