How can they sell something that isn't doing well They'll get nothing for it. I think if they can turn it around and make it solidly profitable, they'll get rid of it.
More Quotes from Stanley Nabi:
This figure is significantly lower than had been anticipated - a lot of people were factoring in 250,000 to 300,000 jobs. What we see here is a labor market that is getting tighter by the minute.Stanley Nabi
It's the largest thrift in the country. It has had an excellent track record in both operations and acquisitions. It is growing at about 12-15 percent and trading at about 6 12 times earnings.
Stanley Nabi
This is nothing new. Investors often let themselves get carried away on what these companies can earn. You have to value them on average earnings, not peak earnings. And we are in the process of moving to peak earnings.
Stanley Nabi
Tell me how things are going to move as far as Iraq is concerned and I'll tell you how the market is going to move. The market is burdened by geopolitical concerns. I'm constructive, but I make no representation as to when it will turn up.
Stanley Nabi
I go back to late 1979 and 1980, when oil had the last spike in price. Oil stocks ignored that spike. That's exactly what they are doing right now ... This is an indication that maybe we are going to have a peak here in oil prices.
Stanley Nabi
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