Next year people will still be cautious. At the same time I anticipate corporate earnings and economic growth will come in better than expected,
More Quotes from Phil Dow:
Anadarko is down relatively dramatically in the recent week, ... For value, we think the best name in the group is Chieftain International.Phil Dow
One surprise in 2005 will be that business capital spending will be back in a big way especially as cash is at record levels on balance sheets and as companies ensure that they stay competitive.
Phil Dow
This is the first evidence that things might be better than they thought, and I think traders don't quite know what to do. I think we've been conditioned to bad news -- it's like a beaten-up prize fighter. I think it's a dangerous time to look for more of the same, meaning looking for more negative.
Phil Dow
With today's big decline, this isn't a time to be concerned about additional downside but about what can go right in the coming months, primarily a gradual economic recovery,
Phil Dow
Try to buy those kinds of names when they're out of favor and hold on to them for long periods of time,
Phil Dow
We're trying to take advantage of value where we can see it, and there are some obvious places. Computer Associates ( CA Research , Estimates ) is the third-largest independent software company. It trades at a PE multiple on forward earnings. It's about a third of Microsoft's today. It's growing at about 16, 17 percent, trades for about 13 times earnings. We think it's a very attractive asset. We think it's a great one and could go up as much as 30, 40 percent in the coming year.
Phil Dow
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Based on Topics: Moderation & Temperance QuotesWithin the covers of the Bible are the answers for all the problems men face.
Ronald Reagan
It is not secret here in Congress we have not had the discipline in many instances to keep our hands out of the cookie jar of Social Security. Now to stop this I propose that in the future that Congress cannot get its hands on the money in the first place.
Jeff Miller
There is no failure except in no longer trying. There is no defeat except from within, no really insurmountable barrier save our own inherent weakness of purpose.
Kin Hubbard