David Beard Quotes

You're still seeing people like Compaq worried about the quarter so you're seeing more pressure on high multiple stocks. The market is still trying to find a bottom but selling on continued fears of warnings. - 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

You can see many companies have collapsed that never generated cash flow. - David Beard

We'll start to see shifts in there, and I think high-end consumer stocks are going to see a lot fewer sales. - David Beard

We think pricing is going to be up in mid-single digits as early as June. People are not really looking at this at all. And historically, if you look at a price to sales multiple, this stock can trade as high as $40-to-$50 (per share). - David Beard

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

We own a hospital stock. We own a couple of them, but our favorite is UHS. They're performing well. Admissions are up. Pricing is up and that stock's probably worth 30 percent higher. - David Beard

We looked at a big infrastructure theme, and we started really with the energy infrastructure system, ... We own coal companies that mine the coal. We own the rails that transport the coal. And we own the construction companies that build coal plants. Coal is half of our energy. - David Beard

Volleyball is the sport through which I am able to express my God-given talents of being an athlete. It is a sport which involves relating, pushing, and encouraging your teammates. It has helped evolve me into the person I am today. - David Beard

Typically in bear markets, you have rallies. However, I tend to think we have put in a bottom and will keep rallying from here. - David Beard

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