Anadarko is down relatively dramatically in the recent week, ... For value, we think the best name in the group is Chieftain International.
More Quotes from Phil Dow:
This year, the market is trying to tell you to be selective. If you look at the stocks that have moved, it really has not been just 30 big stocks it's been all asset classes, all styles -- value and growth have delivered. The ones that are really getting fundamental financial guide, post-traction are those that are delivering. So my guess is selectivity is the key, and I think you've got to be in kind of best-of-breed solutions right now.Phil Dow
They have the best of breed kinds of companies in two really good industries. They have a natural gas pipeline company. In addition, a fiber optic network which will be 33,000 miles. Each have the wind at their back and we think the combined businesses conservatively are worth 60. Right now the stock trades for around 45. The company just announced a way to unlock that value with a spin-off of their Williams Communications Group. So we think it's just a matter of time before that stock reaches 60.
Phil Dow
There was just a tremendous amount of concern, and the market held, ... In fact if you look at third-quarter performance, it was pretty good across the board.
Phil Dow
I think we are in a recovery, but no one ever believes it ahead of time. To me, it's pretty encouraging to see volume expand when the market is going up. And while the news is not improving, the market seems to be holding up.
Phil Dow
You're going to see a lot of companies voluntarily take the smoke and mirrors out of their business, ... We shouldn't expect to see an immediate recovery, but eventually people will regain confidence.
Phil Dow
If you look at our portfolio that we run here with a three-year track record, basically it's equal to the SP the last three years. This year we're down about 1.8, 1.9 percent versus an SP that's significantly more than that down.
Phil Dow
Readers Who Like This Quotation Also Like:
Based on Topics: Value QuotesBased on Keywords: anadarko, chieftain
Guard units in the U.S. are suffering severe equipment shortages which will affect their ability to respond to emergencies in their home States, such as Katrina.
Ike Skelton
Conception, my boy, fundamental brain work, is what makes all the difference in art.
Dante G. Rossetti
We lie loudest when we lie to ourselves.
Eric Hoffer