"People will have to find companies that can come through on their earnings and that sell at reasonable valuations."

"Markets usually bottom at a reasonable valuation, and we're certainly not there yet," he said.

The telecommunications funds that have fared best have invested in more-established companies with reasonable valuations and strong cash flow.

"It has very stable cash flow and a very reasonable valuation," trading at a price-to-earnings multiple of 12.

It is often more fashionable now to seek out stocks with high growth rates that are trading at reasonable valuations.

We were willing to pay high price-earnings ratios, and pay far above reasonable valuations for stocks.

Phoenix Core Equity will buy large, high-quality companies with reasonable valuations that its managers believe have the best potential to outperform the market.

He looks for companies with consistently growing earnings that trade at reasonable valuations but also keeps a sharp eye on risk.

I think that peg ratio is a very reasonable valuation for a company, where you have reasonable expectations of growth on a sustained basis.

"The acquisitions make good strategic sense," he said, "because they are strengthening their premium brand offerings and buying the properties at reasonable valuations."