David Beard Quotes
Tweet
People | Compaq | Worried | Quarter | Pressure |
We own Edison International -- it is our largest position. It's a California utility. It could earn $2 a share next year, ... And it's probably worth between $22 and $24 (per share). They have an unregulated subsidiary, which could be worth another $2 to $4 (per share).
- David Beard
You have to take the actual numbers and the guidance and combine the two. I tend to think if the high p/e (price-to-earnings ratio) stocks have a weak quarter, and even if they have ok guidance, they're going to get killed. But if there are cheap tech stocks that have a weak quarter and so-so guidance, they're probably the ones to buy first.
- David Beard
