Robert Olstein Quotes (5 Quotes)

People have gotten tired of this company making excuses, ... It's been a marginal investment for us so far. We've owned it about a year we're frustrated, too. Our average cost is 10.50 a share. That's not why we buy a stock -- to make 50 cents.

The same treatment would be afforded Del Monte, he added. Eventually we'll lose patience, ... but we're not there yet.

Here's a company that we think has free-cash-flow capability of between 1 and 1.25 a share, ... At this price, this would be an outstanding acquisition candidate.

We believe the economy will start to (recover) some time in January, ... And now is the time to take advantage.

And if you then want to play it yourself, you better understand accounting. You better understand discounted cash flow because stocks are not lottery tickets. They are real companies and eventually they can only grow as far as their real earnings, not their fictitious earnings.