It's not going to make or break a bull or a bear market, but it's a negative.
More Quotes from James Awad:
He said the company has several lives. As it exists today, it's selling at 8. It will earn 60 cents a share over the next 12 months, ... The company has no debt, tremendous excess cash flow, no research coverage, and it's a great database company.James Awad
The company has already talked about selling its credit card business. If that happens, it could give a real pop to the stock,
James Awad
It's been a 'no-brainer' momentum market where securities analysis isn't important, and now you have almost dangerous valuation levels on those stocks,
James Awad
Once the Russell 2000 starts to move because it is fundamentally more attractive, you'll see a lot of money chasing limited market capitalization stocks. You can get a very significant move in the Russell 2000 in a very short time and I would anticipate that happening starting very soon.
James Awad
The best news is cresting right now, ... so it very well may be that we had a fabulous run in the market from March 2003 to January 2004, we've sort of marked time since then, and we'll roll over for the rest of the year until we get better visibility on 2005.
James Awad
The market needs to walk a line between too little growth and too much growth, between profits and interest rates. The jobs report tilted the market toward too little growth.
James Awad
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