Even insiders don’t have a complete handle on where they are today in the US banks. He discounts this into the price he is willing to pay for a US bank. The franchise over the long term has great promise. He would go elsewhere, such as insurance.
They are dealing with competition that is a lot healthier than before the bankrupsy. There are easier places n the marketplace. Avoid the car companies for now.
One of the great companies of our generation. The law of big numbers is certainly a big issue with it. They are a cash machine, but the market wants growth. No prospects for growth so multiple is dropping.
Has gained about 10% in share value compared to average of about 50%. It is because they are defensive and since market found a bottom. Money is flowing out of it. Is trading at a reasonable rate and company could grow at 7%.
Likes it. Have been very successful in morphing from a hardware company to a software and services company. High predictability of earnings, good dividends, strong balance sheet.
The better than expected earnings this earnings season were based on cost cutting. You would like to see earnings lead by revenues. The Economy may pick up in the US when the consumer opens their wallet, are they just going back to zero or negative savings rates. It’s going to take a while to get out of this.