Phil Dow
Phil Dow
asset financial growth guess market solutions stocks styles trying value
This year, the market is trying to tell you to be selective. If you look at the stocks that have moved, it really has not been just 30 big stocks; it's been all asset classes, all styles -- value and growth have delivered. The ones that are really getting fundamental financial guide, post-traction are those that are delivering. So my guess is selectivity is the key, and I think you've got to be in kind of best-of-breed solutions right now.
advantage associates attractive coming computer estimates forward great growing multiple obvious percent research software third trades trying value
We're trying to take advantage of value where we can see it, and there are some obvious places. Computer Associates ( CA : Research , Estimates ) is the third-largest independent software company. It trades at a P/E multiple on forward earnings. It's about a third of Microsoft's today. It's growing at about 16, 17 percent, trades for about 13 times earnings. We think it's a very attractive asset. We think it's a great one and could go up as much as 30, 40 percent in the coming year.
cash compelling flow quite standpoint stock value
From a cash flow standpoint and a value standpoint, the stock is quite attractive, ... I think those are all compelling arguments for long-term ownership.
guess value
My guess is that value will have its day,
announced best breed businesses combined companies company fiber gas good kinds matter natural network pipeline reaches stock time trades unlock value williams wind worth
They have the best of breed kinds of companies in two really good industries. They have a natural gas pipeline company. In addition, a fiber optic network which will be 33,000 miles. Each have the wind at their back and we think the combined businesses conservatively are worth 60. Right now the stock trades for around 45. The company just announced a way to unlock that value with a spin-off of their Williams Communications Group. So we think it's just a matter of time before that stock reaches 60.
best group name recent relatively value
Anadarko is down relatively dramatically in the recent week, ... For value, we think the best name in the group is Chieftain International.
america corporate drive earnings economy eventually financial focus general good guide half high home last lower main market people period productive rather second showing stocks time trade unique wears year
I think a productive economy is the main thing people should take home with them. This is a unique period in American history. I think we'll look back on it as a time you wanted to own stocks rather than trade stocks. I think, secondarily, corporate America is showing good earnings reports. The second half of this year may be lower than the second half of last year, but they're still robust, probably in the high teens. I think if you focus on financial guide posts, that eventually will drive prices. I think you'll see the market in general do better as the year wears on.
close depressive economy emotional guess manic point seen wash
I think it's still emotional and we've seen a manic depressive market. It has very little to do with the economy and my guess is it will wash out at some point ? I think we're getting close here.
ahead believes expand holding market news seems volume
I think we are in a recovery, but no one ever believes it ahead of time. To me, it's pretty encouraging to see volume expand when the market is going up. And while the news is not improving, the market seems to be holding up.
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Right now, technology represents about 24 percent of the capitalization of the S&P, ... My guess is we're headed up to maybe the 20s or maybe 30 percent. If you look back historically, leading groups can capture that much of the market and I think technology's driving the market right now.
caused coast economy focus following gulf major rebuilding resilient since
Rebuilding in the Gulf Coast will be a major focus following the destruction caused by hurricanes in the region. This is yet another demonstration of how resilient the economy has been since Sept. 11, 2001.
immediate looking safe
I think if you're looking for immediate gratification, there's probably no place that's real safe to buy,
folks names
I think most folks are under-diversified, and I'd like to see more names in a portfolio,
buy favor hold kinds names periods
Try to buy those kinds of names when they're out of favor and hold on to them for long periods of time,