Kent Mergler
Kent Mergler
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 earnings growth invested likely progress selected strong tech technology until
We are not heavily invested in tech and are not likely to be so until we see fundamental progress. We've always selected companies with strong earnings growth and most technology companies don't have that at this point.
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.
problem sure technology
I'm not sure that the problem is with technology,
consider core expect expensive stock
The stock is expensive but you'd expect it to be expensive. We consider it a core holding.
assuming case higher problems risk seen willing worse
Assuming the problems are no worse than what we've seen to date, you can make a case for a recovery. But that's a higher risk than we're willing to take.
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.
pay war
It doesn't pay to go to war with the world.
company decent growth potential
If we can find a company with accelerating growth potential and a decent valuation then we're happy,
companies figure money near people prospect trading
I can't figure out why people want to own unprofitable companies with no prospect of making money in the near future. That's just trading paper,
financing selling unusual
When you are selling a $20,000 item, it's not unusual to have financing arm,
suit
This suit has been about placating competitors, not benefiting consumers.
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.
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.