Robert Friedman Quotes (9 Quotes)

As in previous years, repatriation starts slowly in March. Parts of Afghanistan are still too cold to return to at this time of the year. The pace peaks in May, June and July.

Lockheed stock is trading about 10 times, 11 times earnings right now, ... The defense sector is unloved because the market is chasing the tech sector. So, that gives us great opportunity.

It's a huge company. It can only grow at a certain rate.

They have a very fast growing variable annuity business that has not even been recognized in the market place, yet, ... It's just perceived as a stodgy property and casualty company.

I see their rate of growth declining over time, ... I don't see how you can keep growing earnings 10 to 15 percent with a company this size.

We think the value universe has opened up some tremendous opportunities.

It is the best low-cost credit card producer in the country, ... You back up that credit card business, you're buying the core bank at eight to nine times earnings. There's no need to chase the big boys when you have Bank One, a 60 billion company sitting there really cheaply.

For individual investors, this is probably the most optimal time to buy value stocks because growth stocks are so over-the-top expensive.

We've been saying from the beginning that we wanted to get the number of positions down. It waters down the portfolio too much.