Michael Holland Quotes on Change (2 Quotes)

In companies like this, people are looking for change, ... The hedge funds come in and they're going to bet that this is something that will push the stock price up. And it's a decent bet. Icahn's name is important because of the history that he will get something done.

Investors, ... ... say that when interest rates go up, avoid the financial stocks. Last year, interest rates went up a lot, both the short-end and the long-end. But in fact, financial companies reported very good earnings. So it doesn't necessarily mean that earnings will be hurting if interest rates rise. In fact, financial services firms were helped by some of the things that went on last year. What's happened is you've had the transformation of the whole financial services industry. Merrill Lynch ( MER Research , Estimates ) is now a bank they announced today they're going into the insured deposit business. They're an Internet company as well. They're no longer just an interest-rate sensitive company.