Steer clear of companies ‘cutting dividends’

Cisco Systems: “You already have a position. Let’s wait to see how they do.”

Cerus: “I think they’re real. I mean, I agree with you, doc. I think that they’re a real company and I know that’s only a $5 stock but it was a good quarter. So I’m with you. I’m going to stick with you, I think you stick with it.”

Westrock: “Westrock bit off more than it could chew. Westrock did not have a sense of the fact that there were many companies expanding capacity all at the same time. It took down a lot of debt and that’s why they had to cut that dividend and that was brutal. … You don’t want to be around any company cutting dividends.”

Uber Technologies: “You have to take a really, really long-term view on Uber. … I do believe in them long term.”

Vertex Pharmaceuticals: “Vertex is amazing. … It is a good stock. Is it too late? I don’t know. It hit an all-time high today, but I’ve got to tell you I think it goes higher.”

HMS Holdings: “I like it. … I think it’s a really good stock. I don’t know why it’s down.”

Mirati Therapeutics: “I like a lot of the oncology stocks, and this is a good one.”

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