Scott Cooley Quotes

"This year, with the Fed cutting rates, people are getting bullish on the prospects of these companies making their debt payments."

"Once the tide turns against you, it's tough. It's hard to keep growing that fast under the best of circumstances."

"To the extent that fund companies had operations in the World Trade Center, they typically have backup files, so there shouldn't be any problems. Beyond that, the question is what happened to key investment personnel, and the initial response seems to be good. Oppenheimer Funds had offices in that building, and most of their personnel seems to be accounted for. And all personnel from Salomon Smith Barney was evacuated from 7 World Trade Center before it collapsed."

"They're run by the same management team, and their argument for choosing airline stocks is that air travel is likely to build over time. I guess this goes to show how even that well-built hypothesis can be vulnerable."