Patricia Chadwick High Quotations

Obviously, the housing market has benefited them, but they're also doing other things. They're also selling some higher margin products, and you can go in and get the upscale products that you need. This company also has done some amazing changes in the last few years: getting their working capital down relative to sales, getting a better return on their investment.

Goldman Sachs and Morgan Stanley are two stocks that I think are attractive here. Those stocks have been under pressure as interest rates have been rising. I think we may have seen the high in interest rates for a while, and I think that could help the whole sector.

I think we are seeing a second round of layoffs if you will in some large corporations. We're also seeing a lot of mergers and acquisitions. And the other thing that we're seeing is: corporations putting their capital where they can get the best return, and often that is outside the U.S. for low wage jobs... inside the U.S. for high wage jobs.