[Others say cash-flush private equity firms are overpaying for deals.] They have a lot of money to invest, ... There's the risk that there's too much money. |
Among the national carriers, [Continental] is the best run, ... I think you're going to see share gains by a company like Continental. I think the earning power here is $4 or $5 a share two years out. |
I am concerned about speculation at the high-end of the [real estate] market. |
I probably didn't time it right. |
I think that people are going to stay at home because of fears of terrorism and that domestic travel is going to be a surprisingly strong business, ... And I think the companies that are poised to benefit from that, Frontier and Continental, are going to do very well. |
It's yielding 6 percent, trading at 10 times FFO [funds from operation, the standard measure of REIT cash flow], it's diversified and I think you'll see 5 percent to 10 percent annual growth in FFO. |
Most of these companies are losing money, ... The ones that don't go bankrupt will be selling for $5 or $10 a share a year from now. |
Obviously this is one with risk, but the potential is huge. |
Open the hood of a hybrid car, and you'll see the copper wire in its electric motor. |
We've had a 15-year bull market. People's belief in stocks as a place to put their retirement money isn't going to die slowly. I don't think the market is going to fall away right away. But I think what it means is there is going to be pressure on (stock prices). |