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Letter "C" » Chuck Hill Quotes
«I think the quality of the research is getting better to some extent. [The industry has] eliminated a lot of the high-paid stenographers.»
«Quarterly earnings are still made up to be too important, in my judgment. There's too much focus on the short term by far.»
«This is supposed to make it clear if a firm is really just a shill for clients.»
«If a company says it's changing its long-term growth rate by 1 percent, that should be bigger news than if it missed its quarterly earnings per share by a penny. But it's not.»
«Analysts gave a pie-in-the-sky aspect of a profit recovery in the third and fourth quarters. Since the year began, that hasn't exactly happened.»
«Any deviation from that 15 percent for the quarter is expected to be lower, not higher.»
«Communications equipment makers were by far the worst. The semiconductor guys were horrible, and hardware makers had a tough time. But software earnings were only down modestly. The software business will do reasonably well even in a lousy environment.»
«The rebound in the technology shares since September 21 has been huge. I think the valuations are too high again. I don't think people learned their lessons with the correction we had.»
«Unfortunately, not until we get to the end of March will we have a good handle [on earnings in the first quarter].»
«We haven't changed our [forecast] yet, but any changes would be for less of a downturn.»