Robert Olstein
Robert Olstein
activist sell
We don't take an activist role, ... If we don't like it, we sell it.
believe economy start time
We believe the economy will start to (recover) some time in January, ... And now is the time to take advantage.
capability company
Here's a company that we think has free-cash-flow capability of between $1 and $1.25 a share, ... At this price, this would be an outstanding acquisition candidate.
average buy company cost gotten investment marginal owned people stock tired
People have gotten tired of this company making excuses, ... It's been a marginal investment for us so far. We've owned it about a year; we're frustrated, too. Our average cost is $10.50 a share. That's not why we buy a stock -- to make 50 cents.
buy eye price stocks
You've got to buy the negativity, ... That's when you get the right price for stocks -- in the eye of the storm.
best buy price year
You've got to buy on negativity, because that's when you get the best price for stocks. You have to look a year or two out.
cash companies eventually far fictitious flow grow lottery stocks understand
And if you then want to play it yourself, you better understand accounting. You better understand discounted cash flow because stocks are not lottery tickets. They are real companies and eventually they can only grow as far as their real earnings, not their fictitious earnings.