Patrick Comack Quotes (7 Quotes)

It only took three long distance companies to drastically drive down long-distance prices.

This rally will probably be short-lived. I still think there's a lot of risk in this sector. Growth is still slow so investors should be wary of jumping in to the stocks.

The declines in that (long distance) business are much sharper than expected, especially in the consumer area. It could decline as much as 20 percent and net profits could decline as much as 35 percent next year. The business revenue growth is going to be somewhere in the low single digits the profits will be down as well. The positive thing that came out today is the break-up. I think that will create value. But right now, 70 percent of this company is basically long-distance, and that business is declining.

It's hard to figure out what PE multiple to put on a company when you think earnings are going to decline forever.

Investors don't give a hoot about what's going on (with legal issues). As a sideshow, it's kind of interesting, but this has pretty much played out in the investment community.

SBC can't fight back with long distance.

They are doing whatever it takes to get it done. The employees should be appreciative. Without these moves, their days would be numbered. They would have had a declining cash cow, a non-growth company forever. Now they have a chance to grow. (Management has) transformed it into a new company.