James Awad Quotes (50 Quotes)

You're looking for a growth company in a growth industry with good management and a good balance sheet,

Today is encouraging, but it's not particularly meaningful. We still have a lot of economic and earnings news to get through this week.

It's just a great stock to own here, ... The company is growing in excess of 20 percent. The demographics are great for education. The company is selling at about 15 times what we think they can earn next year. It's also one of the few independent publishers left and so we think it's a strategic acquisition candidate, probably worth over 60 a share, and the stock's at about 45.

The market needs to walk a line between too little growth and too much growth, between profits and interest rates. The jobs report tilted the market toward too little growth.

This is a tactic. In the very short term, it will be highly positive for the markets. But what's gonna happen here is you're going to see a cat and mouse game between Bush and Iraq for some time.

It's not going to make or break a bull or a bear market, but it's a negative.

They got pounded, ... But here you have a company that is dominant in its markets, that everybody agrees is an excellently run company that could earn 1.75 (per share) next year, so it's selling at about 11-times earnings. And it's an acquisition candidate down the road. So you see the theme here is growing earnings, low valuation.

The vulnerability is in individual stocks rather than in the market, ... Any company that misses its earnings is going to get brutally punished. The market has very low tolerance for companies that miss their earnings, and it goes back to the fact that everybody's paid on performance and it's difficult for people to have a long-term view.

Greenspan is giving a speech Monday night to some overseas bankers, then Thursday he will speak to Congress. Investors will be looking to him to clarify.

The bias at this time of year should be up and, if it's not, it will be because of Southeast Asia.

You clearly have to keep watching this inflation issue. You do have to have some concern that, based on history, the current amount of economic growth should lead to inflation. But if you talk to companies, it's not happening.

It's a hard call to make, but the line of least resistance probably remains up.

Once the Russell 2000 starts to move because it is fundamentally more attractive, you'll see a lot of money chasing limited market capitalization stocks. You can get a very significant move in the Russell 2000 in a very short time and I would anticipate that happening starting very soon.

If you're buying for 20 years, you want to go for growth,

The market doesn't like uncertainty, so it's going to try to figure this out. We could see investors using this opportunity to do some weeding of their portfolios,

This stock is down from over 50 a share, but is just a great long-term, growth stock, ... We think it will go back to over 50 a share, at some point, and back to almost where it came public. It may be dead money for a month or two, but I think eventually you will make three or four times your money on it.

You're getting a little bit of a setback after two up days, and a sense of people wanting to wait until they hear what the Fed has to say at the Sept. 20th meeting.

The market was in La-La land the last few days. We had some good earnings yesterday and we got a positive spasm in response to it in a deeply oversold market.

I think it's unlikely that you'll get a bear market because the fundamentals are too good. On the other hand, you're not going to make new highs in the market as long as we have uncertainty in terms of interest rates,

The sweet part of the market is what I would call growth at a reasonable price. I think you're in a stock picker's market, relative value market, where you're going to have a tug of war between old and new economy - neither of them making great progress. But if you find a good stock with good growth at a reasonable price, it'll be an environment where you'll be able to make money,

The trade deficit has always lurked in the background as a potential negative for stocks, but it was fine (in the past) because the dollar was strong.

But throw in a very visible company lowering its guidance going forward and the focus shifts back to the same problems of an uncertain economy, uncertain earnings and the Middle East problem, which has not changed,

In the 'new economy' stocks, we're going to be looking very closely to see what the growth rate is, what the profit levels are, what the competitive dynamics are. In the 'old economy' stocks, the issue is going to become How deep is the slowdown Where does it end And so people are going to be doing it stock by stock. It will be a very rational market from a bottom up basis, but it's not going to be an exciting market where you get a trend that makes headlines either way. So I think it'll frustrate both the bulls and the bears.

He said the company has several lives. As it exists today, it's selling at 8. It will earn 60 cents a share over the next 12 months, ... The company has no debt, tremendous excess cash flow, no research coverage, and it's a great database company.

We saw a tug-of-war between the bulls and the bears today,

There are a lot of reasons to worry about corporate earnings because of gasoline, oil, high commodity prices. It's almost like damned if you do, damned if you don't, because you're worried about what these commodities are doing to the economy, yet they're the strongest thing in the market.

The positive today is that oil is coming down, the negative is that the housing numbers are worse than expected.

What's gonna happen here is you're going to see a cat and mouse game between Bush and Iraq for some time. I suspect that a month from now we'll be back to where we were yesterday before the letter came out.

The company has already talked about selling its credit card business. If that happens, it could give a real pop to the stock,

The best time in the stock market is when interest rates are low and earnings are poised to grow.

As long as we believe the economy's poised to recover, this is the best time for stocks.

The stock is at 24 a share now, down from 50, ... The company is extremely well positioned, the stock could go up 10 points if there is evidence that the economy turns in third quarter.

The Fed officials are talking very optimistically. Uniformly they were out there, on the tape yesterday and in interviews, saying that they are expecting a second-half recovery and looking for signs of a bottom sometime, very soon in the economy. So, you are going to have to watch the news very carefully going forward. I don't think anybody really knows. But if you listen to the Fed, you have maybe one more rate cut and then an improving economy.

You have to have a powerful earnings turn around this year to justify gains from current levels,

I don't think we'll get any big surprises in the economic news next week, ... What the market will be looking for are any clues that point to anything other than four percent GDP (gross domestic product) growth.

The comparable strength this afternoon says that if this is as bad as it gets, with the economy, with terrorism scares, then we can handle it.

I think you're locked in a trading range. The good news is, the consensus for now seems to be that if the Fed's done -- if it's not done, it's very close to being done -- so that relieves the interest rate pressures from the market. And you've ended the negative pre-announcement season. You're going into the regular announcement season, and earnings should be pretty good. And that should support the market,

I would urge people not to speculate in the Internet sector.

The market has done better than I would have thought. You've got some signs that the economy is starting to stabilize -- it looks like the consumer is counteracting the negative effects of the capital spending slowdown in technology.

Price-to-earnings ratios are high by historic standards, but the bulls would say that, given low interest rates, they're not too expensive. I think they're generally not convincingly cheap or expensive -- the key is to find individual stocks that are cheap.

I don't think the market can make a lot of headway until we get an idea of the depth and breadth of the profit recession.

This doesn't mean you have to pour everything into beverages and foods. You can still find quality companies that also benefit from an improving economy.

We're going to go through a period where we find out what tech companies are really what they thought they were and which were hype.

North Fork Bancorp stock is selling at about 20. We think its fair value would be about 30. But meanwhile, you're getting a 3 percent dividend yield and it's selling at 10 times earnings. Demographically, it's a very attractive area. So, your risk in buying North Fork is that you're a little bit early and the market doesn't care about value stocks for a while. And of course, in a period of rising rates, financial stocks don't do particularly well. But, ... if you buy it and put it away, you'll end up making 50 percent from current levels over a 12 to 18 month period.

On balance, the earnings period so far has been very reasonable, even better than expected.

It's been a 'no-brainer' momentum market where securities analysis isn't important, and now you have almost dangerous valuation levels on those stocks,

While there is an economic impact, they are able to grow the company reasonably, ... I would say 10 percent in terms of cash earnings this year, but most other companies in that field have been acquired.

This is a low-cost way to play the eventual turnaround in technology, ... They're a very strong distributor of hardware and software products and it's gaining market share on its competitors. The stock is 25 on 2.35 of earnings and you're not taking product risk -- you're 11 times earnings on Tech Data for the company that's got a 20 percent long-term growth rate.

I think retail is going to be a very tough place to make money. What's worrying the market now is -- if the Fed is successful in slowing the economy, what does it mean for profits going forward And that is apparent - that's more clearly an issue in retail than anyplace else. But it is an issue in the market itself that you're going into a period here where profit growth may decelerate in fact, could flatten out as you have volume gains decelerate in a slowing economy, but cost increases embedded in from the period when you had a strong economy and that's not exactly a great prescription for profits, and I think that's troubling the stock market.

The best news is cresting right now, ... so it very well may be that we had a fabulous run in the market from March 2003 to January 2004, we've sort of marked time since then, and we'll roll over for the rest of the year until we get better visibility on 2005.