"Our single best asset in the portfolio right now is patience," Mark Patterson, chairman of New York-based Matlin Patterson Global Advisors, said at a Sept. 16 investors' conference.
“Prices still need to drop dramatically,” said Sperling, co-president of Thomas H. Lee Partners LP, a closely held leveraged buyout firm in Boston, at the Dow Jones conference. “Just because prices are down doesn't mean it's cheap.”
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