People have gotten tired of this company making excuses, ... It's been a marginal investment for us so far. We've owned it about a year we're frustrated, too. Our average cost is 10.50 a share. That's not why we buy a stock -- to make 50 cents.
More Quotes from Robert Olstein:
Here's a company that we think has free-cash-flow capability of between 1 and 1.25 a share, ... At this price, this would be an outstanding acquisition candidate.Robert Olstein
We believe the economy will start to (recover) some time in January, ... And now is the time to take advantage.
Robert Olstein
And if you then want to play it yourself, you better understand accounting. You better understand discounted cash flow because stocks are not lottery tickets. They are real companies and eventually they can only grow as far as their real earnings, not their fictitious earnings.
Robert Olstein
The same treatment would be afforded Del Monte, he added. Eventually we'll lose patience, ... but we're not there yet.
Robert Olstein
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Probably 95 percent of the things that are written never get on the screen.
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