Charles Payne Quotes on Past (4 Quotes)

Payne's second selection is travel firm Cendant. It has four or five different household names in terms of travel. When Enron popped up, this stock went from 21 to 15 almost for no reason except they were guilty of some accounting issues in the past, ... I think the company is starting to recoup its reputation. I think when the stock gets above 20 it's going to attract a lot of buyers.

I'm encouraged by the fact that there's some buying on the dips. I think what's happened over the past several months is we don't know how to respond to news because we really don't know what we want from news.

This week has been a big victory for stocks. We weathered the continuous stream of bad news a lot better and we weren't shocked when companies warned for the third quarter. Investors are starting to forget about the past and focus on the future.

(Rite Aid has) new management. They've made some mistakes in the past both in terms of communication- or accounting-type problems that derailed the stock. Also, fundamentally they over-expanded, ... But I think those are primarily behind them.