You're looking for a growth company in a growth industry with good management and a good balance sheet,
More Quotes from 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
I think it's unlikely that you'll get a bear market because the fundamentals are too good. On the other hand, you're not going to make new highs in the market as long as we have uncertainty in terms of interest rates,
James Awad
The market doesn't like uncertainty, so it's going to try to figure this out. We could see investors using this opportunity to do some weeding of their portfolios,
James Awad
North Fork Bancorp stock is selling at about 20. We think its fair value would be about 30. But meanwhile, you're getting a 3 percent dividend yield and it's selling at 10 times earnings. Demographically, it's a very attractive area. So, your risk in buying North Fork is that you're a little bit early and the market doesn't care about value stocks for a while. And of course, in a period of rising rates, financial stocks don't do particularly well. But, ... if you buy it and put it away, you'll end up making 50 percent from current levels over a 12 to 18 month period.
James Awad
They got pounded, ... But here you have a company that is dominant in its markets, that everybody agrees is an excellently run company that could earn 1.75 (per share) next year, so it's selling at about 11-times earnings. And it's an acquisition candidate down the road. So you see the theme here is growing earnings, low valuation.
James Awad
The best time in the stock market is when interest rates are low and earnings are poised to grow.
James Awad
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