Ned Riley Buy Quotations

There is a willingness on the part of investors to buy premium names in anticipation of a recovery, but I really think there isn't a lot of conviction on the part of buyers or sellers.

I think it's basically a case of no interest on either the buy or the sell side. People have already emotionally prepared for the long weekend, and they don't want to carry much ahead of it.

You buy the market when the fundamentals are the weakest. I think the fundamentals are turning and I don't think people realize it yet.

We're looking at a company that's going to grow, I think, at about 14 percent over the next several years with, I might add, a lot of predictability and I think a lot of visibility and a high level of confidence, ... So with Merck at 31 times earnings now and down about 20 percent from its high, I think we're getting into an opportunity where it's a lot better than trying to buy a cyclical that's selling at 27 times earnings and where the visibility is a lot more questionable.

This is the greatest time to buy these stocks: when nobody wants them.