I think some people forecasting profit growth in the single digits are being conservative, which is a good thing when it comes to stocks. They are lowering the bar, which allows companies to meet or exceed estimates.
More Quotes from Nick Raich:
I know they love me win or lose, but tonight it was about getting it done for all of us.Nick Raich
Where people make a mistake is that they think high-quality companies will translate into high quality stocks, and that often is not the case. With a popular company, you get high expectations and that can push things up so that the stock is not worth buying for awhile.
Nick Raich
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