Prices are pretty rich. The exchanges may be vulnerable to short-term corrections, but over the longer term they should continue to grow because there's lots of money on the sidelines to invest.
Companies have got to do something, or they are going to have a hostile reaction.
We've seen Warren Buffett take positions and ultimately acquire companies
Sometimes they think a good economic report is good, other times they think it's bad.
Economic growth did stumble in the fourth quarter, but as expected it was the result of one-time factors, primarily disruptions and costs of other Gulf storms and their aftermath.
The ones that are successful with it think it's good, ... These people are shooting at very frequent golfers; if there is a new club or ball out there they will try it.
At the time AOL went unlimited, CompuServe deliberately chose not to follow with the point being how can you charge a fixed rate for something that has variable costs? There is a cost to someone dialing and just sitting on the system. That was what AOL ran into.
I'm not surprised to see private equity make a big move like this -- private equity has significant assets that need to be invested.
The expected first-quarter rebound is already in progress and, given recent trends, real GDP growth is likely to rebound to more than 4 percent.
That's a good price for a well-known house like Pilgrim, ... You could really get that company going again.
