I think the government means business this time. Also, their stock is trading at 18 times their revenues -- it's extremely overvalued.
More Quotes from Rick Berry:
This is not a surprise, based on their last earnings disappointment. I think they're a one-product company and somewhat of a status company. We expect more of the same in quarters to come.Rick Berry
I don't think there is a compelling reason to be in equities right now. I would be actually sitting on cash, looking for a better entry into the gold market. Gold has awakened out of 20-year bear market and surprised a lot of people.
Rick Berry
Microsoft's market cap right now is 208 billion. If you were to combine Ford and General Motors market cap(s) . . . that would only equal half of (Microsoft's) market cap. Granted, (Microsoft) by far is the premier growth company in the world today. But again, it is trading at 60 times earnings.
Rick Berry
The consumer is the only clear winner.
Rick Berry
There are a lot of negative things that could happen that could surprise the market and, in my opinion, and lead to a real downswing.
Rick Berry
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