“The narrowness of the market is troubling and that probably means that the short-term is not going to be all that exciting and that's what leads me to the conclusion that, while 10,000 is a milestone, it does not herald the next leg up in the bull market,”
“Either the smaller and mid-cap companies start to catch up or the larger cap companies will come down to meet them. It's one of those two, ... We're obviously hoping that it's the smaller and mid-cap companies that start to catch up.”
“Well, you're not exactly early on this stock, but we still think it has a ways to go because the company has good fundamentals, ... They have products that are selling. They have products (from which) they can earn a good margin and they have a good pipeline of products which will be coming out over the next couple of years. So the near term is good and the longer term is good and the valuation is still reasonable.”
“Sometimes investors look at things like higher oil prices and just sell off the airline stocks, ... But if you look at fundamentals of their business, the load factors are still, by historical standards, very high. As long as the economy continues to grow, those load factors should stay high and their pricing power seems to be pretty good here. So Delta's a company that has struggled over the last couple of years with their strategy, but they have new management and we think the outlook is pretty bright.”
“We did a workshop version in the fall in New York, and for four weeks we honed the show. Then we brought in four other people and started writing to their strengths.”
