More - Michael Farr Quotes

It's a very complicated issue and it takes a lot of data to indicate a trend.

Michael Farr

 

The financial sector really hasn't come alive and gotten to levels much higher than they were a year ago. I think Wells Fargo is very well positioned. It's a cheap stock. It is diversified and they haven't been plagued by Argentina to the degree others have.

Michael Farr

 

Poor J.P. Morgan. The company has got nailed on everything from Enron to Argentina and bad loans. But if we see the economy recover, the financial services will do well.

Michael Farr

 Company

I'm buying EMC. I think it's been killed. I think it's a leader in the storage industry. The stock has 30 times earnings, growing the earnings 25 percent.

Michael Farr

 

Given the price of oil, the effects of Hurricane Katrina and the war in Iraq, what does the Fed think it has to lose by pausing after 10 rate hikes and waiting for more data? The Fed should pause rather than run the risk of sending the economy into recession.

Michael Farr

 Iraq

I think the economy is recovering and we won't get into a double dip. But trying to forecast when that economic strength shows up in earnings is a kind of fool's game. We've been playing it for about two-and-a -half years now,

Michael Farr

 Economy

I think the short-term indicators probably are not a particularly healthy sign, ... Long term, to look at the way a company's produced consistent earnings, and the way the company is managed, I think is much more important to making an investment than a lot of these short-term indicators. But, in a bull market, there's no such thing as bad news. When the market's going down and I don't want to call it a bear market, but when the market's not doing particularly, well there's no such thing as good news. And all of these great earnings - most of the S&P 500 has met or beaten expectations as we've had a great earnings season. And the market doesn't really seem to care. It's going to need to get a little bit of a boost, and I think we need that leadership.

Michael Farr

 

If Microsoft is the only game in town, then they are going to negotiate with the state and the city,

Michael Farr

 

It puts the Federal Reserve in a bit of a conundrum.

Michael Farr

 

These are great core holdings. Intel has done particularly well and it is fully valued. If you don't own it, I think it should be in your portfolio.

Michael Farr