They got pounded, ... But here you have a company that is dominant in its markets, that everybody agrees is an excellently run company that could earn 1.75 (per share) next year, so it's selling at about 11-times earnings. And it's an acquisition candidate down the road. So you see the theme here is growing earnings, low valuation.
More Quotes from James Awad:
The market was in La-La land the last few days. We had some good earnings yesterday and we got a positive spasm in response to it in a deeply oversold market.James Awad
While there is an economic impact, they are able to grow the company reasonably, ... I would say 10 percent in terms of cash earnings this year, but most other companies in that field have been acquired.
James Awad
I don't think we'll get any big surprises in the economic news next week, ... What the market will be looking for are any clues that point to anything other than four percent GDP (gross domestic product) growth.
James Awad
The comparable strength this afternoon says that if this is as bad as it gets, with the economy, with terrorism scares, then we can handle it.
James Awad
I don't think the market can make a lot of headway until we get an idea of the depth and breadth of the profit recession.
James Awad
You're looking for a growth company in a growth industry with good management and a good balance sheet,
James Awad
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