The difficulty is that accounting bombs have been dropping on a regular basis. What needs to happen before the confidence is back is you need to see a series of good news, a bunch of companies doing better than expected.

If you wind up with a company that is so closely aligned with one individual, like it or not, the virtues of that company are tied to the virtues of that individual. You're usually much better off with CEOs who are under the radar and just work at doing a very nice job for shareholders.

Most analysts project what the earnings growth rates are going to be and they tend to be too aggressive for our blood.

NBC Universal has some appeal. It can generate quite a bit of cash.

The fact is the company's doing everything right for the future. They're buying back shares. They're basically using their size as an advantage.