Last quote by Jeffrey Ubben
The broader market context is explicit to us. The S&P 500's median P/E ratio is 18 times. For most high quality companies we follow, it is much higher. These valuations can only be justified by assuming cyclically high corporate margins will persist, a certainty of lower corporate tax rates and a risk-free rate that stays near all-time lows. We are skeptical of all of the above.feedback
Apr 12 2017
Jeffrey Ubben has been quoted 5 times in 3 different articles. On this page, you will find all of Jeffrey Ubben’s quotes organized by date and topic. Alongside each quote is a link back to the article where the quote was reported, so you can go back to the source for more context if you need it. Topics that Jeffrey Ubben speaks about are Gorman, narrative, and work, for example. Most recently, Jeffrey Ubben was quoted in the article A big-time hedge fund manager is giving money back because he believes the market is overvalued saying, “While it has been more difficult than usual to find opportunities that meet our investment criteria, we have not relaxed our discipline and have been working hard. Our decision to return capital is largely based on our portfolio's construction over the past two years.”.
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Quotes by Jeffrey Ubben
Apr 12 2017
While it has been more difficult than usual to find opportunities that meet our investment criteria, we have not relaxed our discipline and have been working hard. Our decision to return capital is largely based on our portfolio's construction over the past two years.feedback
Apr 12 2017
Over the remainder of 2017, we anticipate we will make more significant, partial sales of core positions and receive a $500 million dividend from Baker Hughes Incorporated upon the closing of its merger with General Electric's oil and gas division. Combined, these actions should adequately fund new investments, given the current market environment.feedback
Feb 23 2017
I really feel that the large-cap activist plays are very treacherous with high PEs (price-to-earnings) and not a lot of growth.feedback
Aug 16 2016
We're very supportive of Gorman's work. While the narrative so far has been held captive to the regulatory burden on the capital intensive business, we think the narrative is misguided.feedback
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