Tuesday, March 29, 2005

David Dreman on Bloomberg 3/29/05.

Dreman is a pretty famous value investor.

The Bloomberg guys tried valiantly to get him to bite on other sectors as value, but Dreman seemed to like energy the most.

Among his observations: Even if oil goes down $5 or $10, earnings will be higher than expected for energy stocks.

Additionally, as he feels gas prices are having an impact on retail sales, he's not fond of retail.