28 ordspråk av John Buckingham
John Buckingham
Tech is fickle in terms of product lifecycles and investor infatuation and disgust so we invest in companies that have financial wherewithal to stay in business. If Gateway didn't have all that cash on the balance sheet, it probably wouldn't be with us today.
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The balance sheet is strong, with lots of cash.
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The key to success in tech is taking some money off the table. The lesson for investors is not to own things in black and white. There's a happy medium. You can sell some but you don't have to sell all of it.
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The stock has pretty much been flat for the last couple of years, ... but the hurt is relative because a lot of airline stocks have gone down the drain.
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The thing that's scary about Apple is the price target game. People call a $100 target and that's the reason the stock goes up,
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These companies have tremendous financial ratings, and certainly their dividend is secure. These are slow, stodgy stocks that are going to reward you.
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We ended up with Air France because they acquired KLM, and we owned KLM. We still own it because it's still undervalued and it's profitable.
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We still like the home builders and we like the bubble talk too, ... The second we stop hearing about a bubble is when we start to worry.
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When the fund began, there were dozens of technology stocks on our recommended list because of the so-called 'Asia Contagion,'
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When you make 400 or 500 percent on some of these you can afford to sit there with some stocks that haven't performed well,
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With these types of stocks, you have some time for the business to turn around or for management to realize it's not viable and liquidate the company and disseminate the cash to shareholders or even to find a buyer,
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You ride out the downturn and you're usually rewarded in the end,
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You would think that investors would go after safer, dividend-yielding companies, but it's not the case. Everyone's looking for the next home run.
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