Richard Herring Quotations

We have seen a lot of momentum buying,

What we're doing, we're just ceasing to show a regular movie program. We're still going to be able to accommodate school groups, church groups, birthday parties, what we call special shows.

We're leaving all our equipment in place. Everything's staying. I really think there's a lot that's going to happen to keep the building in use and continue to serve the community.

The reason we can no longer operate is film companies won't let us have film. Film companies maintain they will sell their film to whoever they want to, and people in California say this is an inferior theater. Now, they've never been in it.

Essentially the client list is what the foreign company wants,

Things are getting a little bit stretched maybe in terms of P/Es (price-to-earnings valuations), but the reporting season is promising, so it will depend how that plays out.

So they have to be outwardly directed. And the North American market is the richest market, so its not too surprising that they are making acquisitions here.

They are both huge relative to their home market and there is no possibility for them to generate earnings anything like those that are capitalized in their home market in Switzerland.

They (CSFB) will be at least as obliging as the former management, because one of the ways to judge how well these mergers works is to track how much business is retained.