Their PC shipments look like they're going to be up 25 percent, better than expected. Hewlett has had a nice run in here...we think it should be part of a continuing solution for the problem of higher labor costs. The continued substitution of technology for labor will maintain margins.
More Quotes from Robert Bloom:
What we look for is consistent growers where the earnings haven't disappointed, ... We have a few of those in mind, some of the traditional growth stocks. General Electric is a good example.Robert Bloom
We like Pfizer because it's the largest drug company and it's also the fastest growing, ... They have eight of the largest drugs in the world. And they're deeply protected by patents. There's very little in the way pricing requirements here. We think they can grow at double digits for the next two-to-three years. And the stock is in the mid-30s. We wouldn't be surprised to see it in the mid-40s a year from now.
Robert Bloom
The market is reacting to the day-to-day news, which reflects the continuing uncertainty that an economic recovery is on the way. We see that with the numbers this morning.
Robert Bloom
See this chair They cut of the legs. They have people sit on this for hours. They have them hooded with a hood that smells like feces and vomit. They tie their hands behind them. They tie his legs to the front. It's not just him. They do it all the time.
Robert Bloom
We're still in a negative trend. Long-term interest rates are too high, earnings estimates are still too high. We've had seven out of eight down weeks, so we saw a little bounce in the beginning of this week. But the downward pressure hasn't eased.
Robert Bloom
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