[buffett]

[ QUOTE ]
typically the leaders during one business(expansionary) cycle do not perform well in the next.

[/ QUOTE ]
I could come up with at least 5 rapid-fire examples of great companies that defy this. Then you could come up with another 5 that defy me, and we could go on and on.
What I'm requesting is that you back up your statements that these stocks are "very poor" investments with some sort of estimates of the companies' underlying value, or the stocks' implied yields, or something a little more meaty than the above quote.