Cyclical Quotes
Although the (Fed) will not be pleased with the sharp decline in productivity growth over the past year, they will view it as a cyclical phenomenon rather than a retreat from the productivity-led expansion of the past 5 years.
- Steven Wood
Again (with the UPS pick), a lot of the same kind of issues. A company with very, very good quality earnings. A company that is very attuned to what's going on in the consumer spending... And a company that has some pro-cyclical elements. We are talking about a pickup in the economy. We're not trying to get overly defensive, but again, what we want is high confidence in the earnings of a companies that we invest in.
- Kevin Bannon
[Financials and consumer non-cyclical stocks also interest Johnson.] You look at a company like, say, Washington Mutual, in my judgment a great company, and it's a value play. Remember, investors in this market are looking for low price/earnings ratios and some dividend yield, ... Same thing consumer non-cyclical companies like Pepsi and Safeway I think are good investments in this environment.
- Hugh Johnson
(Manufacturing) is cyclical, we are either begging for work or workers, and we're in the worker phase again. Certainly manufacturing is affected by the automotive industry but we are not dependent on the automotive industry in the small- and medium-manufacturing world here. We are struggling to find enough people that are qualified to do the work that will remain here.
- Angelia Erbaugh
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