is it changing from graham and dodd to roger murray and now into something new? t's a great question and i'm glad you mentioned roger and the success of bruce greenwald. what we do is basically read annual reports. i was on conference calls. were talking to broadcast executives. microscope ona the details that are unfolding but also use a telescope for what it's going to look like in five years. march, coldddle of and growth stocks have been the flavor of the day. -- hascrepancy between been a challenge. team is probably down 15. we think the best is yet to come and you're going to get a search as the economy improves in value investing type stocks. tom: you are notorious for the conference call and for speaking inpatientent are they in there under -- undervaluation and can they affect a plan to find value while they wait for the market to find value. are they motivated to see their shares move higher? >> if you want to be practical, if you had a stock that was 40 and your options for a strike price of 45, you reset the options. the point is that what is intrinsic