Kent Mergler
Kent Mergler
flows investors negative seem side upside
Investors had overreacted on the negative side for some of the better companies, ... We seem to be going through these ebbs and flows of overreacting on the upside then overreacting on the downside.
bought companies continue current improvement quite rather solid volatile
You've got companies that are going to continue to be volatile for quite a while because most of them are being bought on expectations of an improvement in the future, rather than solid current earnings.
bath bed beyond cleanest extremely fewest outlook question unique
Bed Bath and Beyond has the cleanest outlook with the fewest question marks. It is a unique retailer that's done extremely well on execution.
consider core expect expensive stock
The stock is expensive but you'd expect it to be expensive. We consider it a core holding.
consumer evidence noise spending stopping
Most of the noise about the consumer stopping spending has been just noise. There hasn't been real evidence of it.
continue influenced market recession rest selective stocks tech
The whole market will continue to be influenced by the war. For the most part, the tech stocks are still in a significant recession than the rest of the economy. It's going to be selective stocks that are going to be leaders.
action best companies finally quality recovery relief starting worst
Some of the worst companies have been the best performers. But a lot of the recovery in the poorer-quality companies was just relief that they survived. We're finally starting to see some better action in the higher-quality names.
curious everybody happens year
We're as curious as everybody else to see what happens when the new year starts.
changes daily define future perception period trying
We're in the period when everyone is trying to define what the future is. The perception of it changes on a daily basis.
busted companies huge market mostly relief sigh strength
The real strength in the market in 2003 was from small-cap and mostly busted companies. It was a huge sigh of relief that many unprofitable companies did not go out of business.
financing selling unusual
When you are selling a $20,000 item, it's not unusual to have financing arm,