James McDermott Quotes
The knee jerk reaction is to say that when interest rates go up, these stocks go down, and that still pretty much holds. 
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Knee | Jerk | Reaction | Interest | Rates |
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[With] the very small banks, this issue has sort of crept up on them in the last few months, and it's become abundantly clear that the resolution to this problem is extraordinarily expensive [and] time-consuming. And for banks that are looking over the horizon and seeing a possible sale in their future, they are questioning whether or not they want to push ahead with this.
- James McDermott
Once the dust settles, these companies become much more growth oriented... They in fact become healthier, more profitable, they have larger market capitalizations, which enable them to go out, buy other businesses which provide high returns and enable them to maintain a high- return profile.
- James McDermott