Pretty much 90-percent of their travel party has never been to New Jersey. So its kind of fun to sort of help out a little bit.
More Quotes from Kevin Bannon:
Obviously, this company is a big user of energy. Oil shouldn't have been at 11 a year ago. It shouldn't be at 34 now. It will eventually settle at a price that will let UPS do very well.Kevin Bannon
Again (with the UPS pick), a lot of the same kind of issues. A company with very, very good quality earnings. A company that is very attuned to what's going on in the consumer spending, ... And a company that has some pro-cyclical elements. We are talking about a pickup in the economy. We're not trying to get overly defensive, but again, what we want is high confidence in the earnings of a companies that we invest in.
Kevin Bannon
In earnings season especially, people will tend to ask first and analyze later. So I think what investors should be doing is looking at the earnings reports beyond the headline numbers. A stock may be off sharply for a temporary reason, a shortage of a component that is a terrific buying opportunity. A stock may rocket up again for a non-recurring factor that is a chance to sell. Investors should just take advantage of the opportunity to sit back and capitalize.
Kevin Bannon
Retailing is probably a good idea, as well as companies like United Parcel that does tie into better consumer spending, better improving economic activity. I think you definitely want to be pro-cyclical. This is not the time to get defensive.
Kevin Bannon
I think, it's going to be very, very hard to get people seriously interested in energy stocks, although you never can say never on Wall Street, ... We would prefer to own some of the drillers, because with oil prices at the this level, it's going to encourage anybody, any country anywhere who might have some oil to look for it. And that will be good for the drillers. We would rather own those than the oil companies themselves.
Kevin Bannon
I think some of the sectors that have gotten beaten down the hardest probably offer some of the most promise now. The technology sector clearly, some of the health-care names, more the biotech and technology health-care names than the big pharmaceuticals. But what investors really want to own think are companies with very, very strong top-line growth, and there are very few industries that have those. The old leaders will probably be the new leaders again.
Kevin Bannon
Readers Who Like This Quotation Also Like:
If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion.Friedrich August von Hayek
Seventy percent of success in life is showing up.
Woody Allen
Would it be possible to stand still on one spot more majestically - while simulating a triumphant march forward - than it is done by the two English Houses of Parliament?
Alexander Herzen