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To me, an ideal price might when it has a P/E of 25. You are not going to get a quality company like this on the cheap, not one with this reputation, this management and this balance sheet.
Fonzi vs. Clint Posted at 7:15 a.m. EDT on Thursday, Nov. 8 Which is more realistic, conjuring a a Happy-Days-Are-Here-Again Democratic Party or expecting the Outlaw Josey Wales part of the Republican party to vanish? Right now I would say the next 1,000 to 2,000 Dow points rest on these curious visions of the future. Let me explain. First, there's some amorphous talk out there that the president, in the second term, will become more hospitable to big business, to the trigger pullers, to the corporations who have not had his ear. The idea is that there are enough companies out there that want to break bread with the president and there's enough give to the president in his second term that a new rapport, a new friendship is about to break out. Somehow, that Happy-Days-Are-Here-Again skein of thought is in the ether and I have to tell you I don't understand it at all. Why does Obama have to compromise? What did he do to have to make peace or break bread with anyone? He won this victory by appealing solely to his constituency, which is growing much faster than the Republicans' constituency. I see him going the opposite. Big business doesn't want to play ball with him? To heck with them. Banks and bankers gave tens of millions of dollars to defeat him? Forget about them. Bury them, even.