The real trick on any buyout fund, and technology funds even more so, is balancing the company's leverage level with the use of cash. And in technology companies there tends to be an extremely high use of cash, because you are constantly investing in and developing the technology, which is not true in what I'll call stable old businesses.
More Quotes from Robert Morris:
It's becoming more common for companies such as IKEA to locate distribution hubs in Savannah. The Savannah River International Trade Park is in close proximity to the port, and we have room to grow at the terminal.Robert Morris
I think Chase at 12 times forecast earnings is a very cheap stock and a very well run company. I think the probabilities are you're going to make some money here.
Robert Morris
Aetna has been creamed here by the decision of some health insurance groups to stop requiring doctors to get the green light with the group before recommending patient treatments and I think represents a great long-term buying opportunity.
Robert Morris
I'm sure the Duquesne kids are aware of Robert Morris and I'm sure the Robert Morris kids are aware of Duquesne, ... We've had a more intense camp to get ready. Playing Duquesne is a good way to start.
Robert Morris
Robert Morris , director of equity with Lord Abbott and Co., likes stocks that have been under selling pressure and are ready for a bounce. What I think is key with Xerox is that we got down here because this company had a near death experience financially, ... I think that with a little profits, with better cash management and some new product announcements, I think this is priced at a level where a relatively few number of points can give you a big percentage gain.
Robert Morris
We believe spot oil-to-composite natural-gas ratio will average 8.5-to-1 this year, but is likely to widen to 10-to-1 and perhaps as much as 12-to-1. Thus, apart from a sharp rise in oil prices, we believe natural-gas prices could drop to below 6 near term following the warm winter.
Robert Morris
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I thought that I held the record of most appearances on the Bob Hope Show, but I think - It's Brooke Shields.
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An act has no ethical quality whatever unless it be chosen out of several all equally possible.
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