Announce Quotes
[A driller like Anadarko, Unocal has fallen out of favor recently as a result of a string of dry holes, primarily in the Gulf of Mexico. The company did announce a major gulf find in July, but the news failed to boost its stock. At $37 a share, Unocal boasts a 2.2 percent dividend yield and a P/E ratio of 11, well below its five-year average multiple of 35. Putnam New Value's David King sees little downside from here. Either the company gets its act together or it becomes a candidate for a takeover.] Shareholders benefit either way... I view it as a low-risk situation.
- David King
[? Jimmy Carter. As usual, it was brutally cold, but the new president, his wife Rosalyn and daughter Amy took an unannounced walk from Capitol Hill to the White House.] One of the things I remember, ... is many of the marching band members' lips froze to their instrument mouthpieces. First aid was busy.
- Charlie Brotman
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