I think companies that are selling at the lower P/Es, ...

I think companies that are selling at the lower P/Es, obviously, carrying some question marks in investors' minds, are the ones that you vote for here. So, Wachovia Bank, for example, looks interesting to us... But, generally, I think the lower price/earnings multiple financials are where you want to look right now. The quality merchandise has been bid up. And I think this spread right now says move from the quality financial down scale a little bit for the lower-priced ones.

- Robert Morris

Robert Morris Quotes