Michael Farr Quotes

We need dollars being spent again... Most recessions always end because the consumer turns. I think a lot of it is going to be in the tech sector and the tech recovery. Most companies weren't spending on tech as they've been just desperately trying to make their quarterly numbers.

- Michael Farr

Tags

Dollars | Spent | Recessions | Consumer | Turns |

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I like Citigroup as a nice core holding. It's a big money-center bank. They do have some exposure, of course, to Salomon Smith Barney in the brokerage industry... This stock has pulled back in here, $44.95 a share. I think that it's going to grow those earnings at around 14 percent -- 11 times and 12 times earnings, that's a cheap stock. - Michael Farr

Now that the dropping has stopped, when do we start with the moving back up? That is the big question. - Michael Farr

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