good growth rate, (although) the stock has been knocked down sharply.
More Quotes from David Dreman:
For the last two or three years, the earnings just shot through all the forecasts. We're still in a strong earnings environment, but at the same time we're getting somewhat more misses, and that, coming to a somewhat more jittery market, I think is leaving people concerned.David Dreman
There's a lot of nervousness with what interest rates are doing, ... Financial stocks are up 3 percent one day and down 3 percent the next.
David Dreman
When people are frightened, they cut their time horizon dramatically, ... Even advisors will say to sell because they see portfolios crumble and they fear people will have nothing left. It's really not rational, but it does happen.
David Dreman
Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are affected by interest rates and they're not.
David Dreman
There's no question that people saw the excitement of the Internet, ... how important it would be. There was absolutely no question they caught it right in the late 1990s. But they paid far too much.
David Dreman
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