Robert Bloom
Robert Bloom
Robert Bloomwas an oboist with an orchestral and solo career, a composer and arranger contributing to the oboe repertory, and a teacher of several successful oboists. Bloom is considered seminal in the development of an American school of oboe playing...
attractive best companies consumer general stocks
Some of the consumer non-durable stocks like Pfizer, Colgate and even General Electric, which is one of the best managed companies in the business, we think look attractive here,
automobile country earnings highly last moving number per provides ratio saying selling share stock week
Quietly, they've now become the second-largest automobile retailer in the country with an acquisition that they made last week moving them into the number two position, ... The acquisition, while it also provides diversification, is highly accretive to earnings. We were estimating (1999 earnings per share of) $1.50. We're now saying $1.75. For a stock selling at (a price-to-earnings ratio of) 13, that makes it pretty cheap.
continued continuing higher labor maintain nice pc problem run shipments solution technology
Their PC shipments look like they're going to be up 25 percent, better than expected. Hewlett has had a nice run in here...we think it should be part of a continuing solution for the problem of higher labor costs. The continued substitution of technology for labor will maintain margins.
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If the guidance from Dell is positive, that could give us a boost. The question is whether the consumer can continue to hang in long enough for IT (information technology) spending to bottom and pick up. So something good from Dell would be encouraging.
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We're sort of in uncharted territories because of the bubble that we had last year in Nasdaq, ... And the bursting of that often takes a long time to work through.
beginning bounce downward earnings eight estimates interest negative pressure rates saw seven
We're still in a negative trend. Long-term interest rates are too high, earnings estimates are still too high. We've had seven out of eight down weeks, so we saw a little bounce in the beginning of this week. But the downward pressure hasn't eased.
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What we look for is consistent growers where the earnings haven't disappointed, ... We have a few of those in mind, some of the traditional growth stocks. General Electric is a good example.
adding consistency consumer names visibility
We would look at consumer non-durables, where there is consistency of earnings, visibility of earnings, names like PepsiCo, Colgate-Palmolive and Safeway, are consumer non-durable names we've been adding to here in this decline,