Poor performance hasn't tarnished the funds' image, ... It's still the right acquisition for the right buyer.
I would not want to see them sell at this price, ... I would want to see them get the company turned around then look at if you want to go private.
We've seen Warren Buffett take positions and ultimately acquire companies
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.
While I would like to see the company start generating profits sooner, I think (flat-rate pricing) is the way the industry is going. CompuServe will need to make its revenue through advertising or transaction fees,
Everybody works just a little bit harder, ... They drive their employees very hard.
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.
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.
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.
Sometimes they think a good economic report is good, other times they think it's bad.
I'm surprised to see them doing it. I don't know if I'm thrilled with it. While it would make them more price competitive and generate greater subscriber growth, I think they tried to be an AOL before and failed,
I'm not surprised to see private equity make a big move like this -- private equity has significant assets that need to be invested.
I want to give them the benefit of the doubt,
I have to think that the sale is being driven by Pilgrim Baxter -- they want to grow more aggressively than perhaps UAM is willing to commit, ... It seems Pilgrim Baxter is a square peg at UAM.
It's the market saying these guys aren't going to grow as fast - these guys are no longer a growth company.
It's the martinis that are wildly popular right now, especially the sour apple martini. With young adult consumers, sales of flavored spirits are definitely tracking higher than any other hard liquor.
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.
that may not be the case in the second quarter because of the shift back to 'old economy' stocks ... You live by the sword, you die by the sword.
That's a good price for a well-known house like Pilgrim, ... You could really get that company going again.
It wasn't particularly material. And it's not particularly unusual. A lot of companies are going back and reviewing their controls because of Sarbanes-Oxley and finding tax errors. But for a company like H&R Block, it was particularly embarrassing.