I am concerned about speculation at the high-end of the [real estate] market.
Open the hood of a hybrid car, and you'll see the copper wire in its electric motor.
I probably didn't time it right.
Obviously this is one with risk, but the potential is huge.
We've had a 15-year bull market. People's belief in stocks as a place to put their retirement money isn't going to die slowly. I don't think the market is going to fall away right away. But I think what it means is there is going to be pressure on (stock prices).
Most of these companies are losing money, ... The ones that don't go bankrupt will be selling for $5 or $10 a share a year from now.
Among the national carriers, [Continental] is the best run, ... I think you're going to see share gains by a company like Continental. I think the earning power here is $4 or $5 a share two years out.
I think that people are going to stay at home because of fears of terrorism and that domestic travel is going to be a surprisingly strong business, ... And I think the companies that are poised to benefit from that, Frontier and Continental, are going to do very well.
It's yielding 6 percent, trading at 10 times FFO [funds from operation, the standard measure of REIT cash flow], it's diversified and I think you'll see 5 percent to 10 percent annual growth in FFO.
Copyright © 2024 Electric Goat Media. All Rights Reserved.