Qwest was this high-flying stock with a huge multiple of cash flow, ... It's now buying two companies that have more moderate growth rates. I expect to see that price come back.
More Quotes from Bruce Roberts:
A successful Medicaid prescription drug program needs the support of America's 55,000 pharmacies and nearly 150,000 pharmacists who work with Medicaid patients every day. There are many ways to protect the financial future of the Medicaid prescription drug benefit without jeopardizing the future of community pharmacy.Bruce Roberts
They're doing a good job moving toward the higher-growth businesses in terms of wireless and high-speed access, and they've shown a very respectable outcome.
Bruce Roberts
I think ATT should spend a little more time trying to figure out how not to lose net market share and try to slow the bleeding, ... (They should) try to rev up that side of the business without trying to bring in new services. That's still an issue for me as an investor.
Bruce Roberts
You know, people really have not been buying into these stocks lately, ... They're extremely undervalued. Remember one thing they own the first mile to every customer that's out there. When they get into long distance, which they will eventually late this
Bruce Roberts
But until ATT articulates its growth strategy, the stock could be vulnerable.
Bruce Roberts
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