We've been talking to energy companies who are unwilling to make investments that require current oil prices to support them. They don't think prices will remain at this level.
More Quotes from Bill Nygren:
Disney is a great company with a tremendous portfolio of media properties. I'm not interested in commenting on management issues.Bill Nygren
We're (exposed to the sector) in a chicken way ... I would never pay the price for that division if it were a separate company.
Bill Nygren
With a stock trading at seven-and-a-half times earnings on almost any range of reasonable outcomes, I think that company is dramatically undervalued.
Bill Nygren
The people who own Internet stocks are taking on a very high level of risk. Myself and most of the other managers at the conference are concerned about people who own and trade those stocks not understanding the risks they're taking.
Bill Nygren
Analysts themselves are getting back to basics, digging further into the numbers behind the numbers found in annual reports and other corporate filings. It's amazing how fast the invisible hand of competitive marketplaces is correcting these problems, ... Two years ago you saw almost no new research come out after the annual 10-K filing. Now when a company comes out with its 10-K, you see half a dozen analysts immediately coming out with a report analyzing all the details.
Bill Nygren
Readers Who Like This Quotation Also Like:
I just don't see where I could possibly fit in directing a feature.Rachel Griffiths
As a rule, there is no surer way to the dislike of men than to behave well where they have behaved badly.
Lew Wallace
But I didn't know much about directing a movie.
Jason Alexander