John Manley
John Manley
John Paul Manley PC OCis a Canadian lawyer, businessman, and politician. He served as Liberal Member of Parliament for Ottawa South from 1988 to 2004, and was Deputy Prime Minister between 2002 and 2003. He is now President and CEO of the Business Council of Canada...
believes best boost company confidence equity itself management overall statement
It would boost confidence in the overall equity market. The best statement a management can make that it believes in itself is for it to take the company away from you.
both cheap company cutting edge less market near sales seeing slightly technology
It's a very cheap company in the sense that if you look at multiples on both sales and earnings, it's slightly less than a market multiple, ... For 40 years this company's been near the cutting edge of technology. And more than any other technology company, you're seeing acceleration in earnings.
answer bring cuts economy fed interest lower market months next rate respond six targeting tend though weakness whether
The Fed is not targeting the market with these rate cuts but it is targeting the economy ? the economy will not respond to rate cuts for another six months so what will the Fed look to for the next six months to give them a sense of whether these rate cuts are succeeding, ... My answer is 'the market'. Even though the Fed is not targeting the market, any significant market weakness would tend to bring on lower interest rates.
discount percent
They are (trading) at a 40 percent discount to the market, ... That's a pretty big discount.
coming earnings higher signs technology until
You have to own technology until you see some signs the earnings expectations are not coming in higher than expected.
growth
This is still a real growth sector. There was a lot of fluff in there, but a lot of that has come out.
feeling hands
They were feeling around with their hands down there.
asia bigger earnings impact last month numerical quarter seeing signs time
December, as the last month of the quarter and the last month of the year, is true- confessions month. For the first time we are seeing real, numerical signs that Asia is having a bigger impact on earnings than we expected.
despite economy higher interest seeing slowing
Despite higher interest rates, we're seeing an economy that is not slowing down,
affair baby boomers cheap coming decade great hitting liked love stocks terminal
I've liked financials -- I think I have a terminal love affair with financials. They're very cheap stocks and I think you have a great decade coming at you with the baby boomers hitting retirement.
aside bad people stepping technology trying
(AT&T) soured the tone. People are trying to get a sense of how bad things will be (with Microsoft) and they're stepping aside to see if technology is still accelerating on a profitability basis.
attractive caps classic
This is the place to invest, ... The big caps in the classic pharmaceuticals I think are attractive on a longer-term basis.
clearly either money sitting stocks
There's clearly a lot of money that either was in stocks or could be in stocks. It's just sitting out there now.
assume bit clearly market wrong
It was clearly wrong to assume that this would be a walkover, ... but now I think the market is being a bit too pessimistic.