It is the best low-cost credit card producer in the country, ... You back up that credit card business, you're buying the core bank at eight to nine times earnings. There's no need to chase the big boys when you have Bank One, a 60 billion company sitting there really cheaply.
More Quotes from Robert Friedman:
For individual investors, this is probably the most optimal time to buy value stocks because growth stocks are so over-the-top expensive.Robert Friedman
We've been saying from the beginning that we wanted to get the number of positions down. It waters down the portfolio too much.
Robert Friedman
I see their rate of growth declining over time, ... I don't see how you can keep growing earnings 10 to 15 percent with a company this size.
Robert Friedman
It's a huge company. It can only grow at a certain rate.
Robert Friedman
We think the value universe has opened up some tremendous opportunities.
Robert Friedman
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