This stock is down from over 50 a share, but is just a great long-term, growth stock, ... We think it will go back to over 50 a share, at some point, and back to almost where it came public. It may be dead money for a month or two, but I think eventually you will make three or four times your money on it.
More Quotes from James Awad:
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.James Awad
In the 'new economy' stocks, we're going to be looking very closely to see what the growth rate is, what the profit levels are, what the competitive dynamics are. In the 'old economy' stocks, the issue is going to become How deep is the slowdown Where does it end And so people are going to be doing it stock by stock. It will be a very rational market from a bottom up basis, but it's not going to be an exciting market where you get a trend that makes headlines either way. So I think it'll frustrate both the bulls and the bears.
James Awad
While there is an economic impact, they are able to grow the company reasonably, ... I would say 10 percent in terms of cash earnings this year, but most other companies in that field have been acquired.
James Awad
But throw in a very visible company lowering its guidance going forward and the focus shifts back to the same problems of an uncertain economy, uncertain earnings and the Middle East problem, which has not changed,
James Awad
We saw a tug-of-war between the bulls and the bears today,
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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