Kent Mergler
Kent Mergler
environment people smoke
In this environment people are scared. When there's smoke you just run.
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.
problem sure technology
I'm not sure that the problem is with technology,
buy carefully consistent likely pull ready seems soon tech trigger watching whoever
At this point, we're watching tech carefully but we are not ready to pull the trigger yet and buy more with this volatility, ... What seems to be consistent is that whoever just went up is likely to get clocked soon afterward.
buy guess investor vulture
I guess you'd be a vulture investor if you buy now.
companies consistency defense earnings good industry looking opposed solid stock theme wind
We own L-3 because it's a good solid stock as opposed to being part of an industry theme play, ... The defense industry has the wind at its back now but most companies don't have the earnings consistency we're looking for.
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.
companies confidence consistent degree high network
The two companies are similar, but Symantec has been a more consistent performer. I just do not have a high degree of confidence in Network Associates.
company extremely full gray hairs high less portfolio quality sticks type
This is an extremely high quality company that's well managed and sticks to its knitting. Fundamentally, it has just been beautiful. If you can have a portfolio full of this type of stock, you'd have a lot less gray hairs
environment favor growing larger quality return stable
Once you get a more stable environment with a consistently growing economy, that would favor a better return for larger quality names.
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.