Some analysts thought the company was off-track in terms of the long-term growth path and so I am not shocked in that respect. It's an appropriate example of the new corporate governance since the stock has languished for so long.
More Quotes from Robert Robbins:
It's just so difficult. I don't have the time to devote to it. You need to do it often to be good at it.Robert Robbins
Despite recent volatility and concerns about overvaluation, market players continued to insist that Wall Street is strong. It's normal as the market rallies so strongly that we start seeing a correction and start looking for maybe even a 7 to 10 percent correction ultimately, ... But I don't think we're vulnerable to that right now.
Robert Robbins
Home Depot didn't suffer through the higher interest rates in 1990 or all those oil inflation fears and so forth, ... And the company is really a very strong company. Their momentum has accelerated so I think they'll sail right through (a climate of higher interest rates).
Robert Robbins
Yes, I think it's going to be a fantastic buy. I think we're going to pack the whole year's Super Bowl rate-of-gain, which tend to average 16 percent during the last 18 years, compound annual growth of the SP 500, 16 percent a year. We've had zero so far and the outlook is improving very, very significantly for the worst worry that people have had. And that is the Fed rate-hiking. It really looks like the probability is increasing dramatically that the Fed rate hikes are over and inflation pressure is in check. And as that continues to happen through year-end, we can get a fantastic rally, 15 to 20 percent on the SP 500 in three months.
Robert Robbins
It was a little overbought. It's pausing . . . it's probably going to make another run at 10,000 in the next couple of days.
Robert Robbins
This is a wonderful economy, you've got great economic growth.
Robert Robbins
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Based on Topics: Respect QuotesBased on Keywords: languished, off-track
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