It's just a great stock to own here, ... The company is growing in excess of 20 percent. The demographics are great for education. The company is selling at about 15 times what we think they can earn next year. It's also one of the few independent publishers left and so we think it's a strategic acquisition candidate, probably worth over 60 a share, and the stock's at about 45.
More Quotes from James Awad:
You're looking for a growth company in a growth industry with good management and a good balance sheet,James Awad
There are a lot of reasons to worry about corporate earnings because of gasoline, oil, high commodity prices. It's almost like damned if you do, damned if you don't, because you're worried about what these commodities are doing to the economy, yet they're the strongest thing in the market.
James Awad
It's not going to make or break a bull or a bear market, but it's a negative.
James Awad
I don't think the market can make a lot of headway until we get an idea of the depth and breadth of the profit recession.
James Awad
What's gonna happen here is you're going to see a cat and mouse game between Bush and Iraq for some time. I suspect that a month from now we'll be back to where we were yesterday before the letter came out.
James Awad
The comparable strength this afternoon says that if this is as bad as it gets, with the economy, with terrorism scares, then we can handle it.
James Awad
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