Given what goes on with stocks, it's understandable for companies to have to go back sometimes and restate earnings. What's important is operations.

We would have preferred not to restate earnings, but it is important to recognize that we have had a very comprehensive review ongoing. Where we have discovered or identified errors, we have moved quickly.

The term bellwether refers to the practice of placing a bell around the neck of a castrated ram (a wether) leading his flock of sheep. While out of sight, the sound of the bell is a directive on the whereabouts of the flock. When earning season begins, the bellwether stock is that of the largest (typically industrial) companies who report their earnings. Analysts look to these reports as an indication of how subsequent reports will come in under or over expectations.

Earnings growth has been surprisingly low for drug stocks and there is more of that to come as we go through a cycle of patent expirations. But I think the stocks are close to being washed out and if you have patience they will do quite well over a longer period of time.

Earnings growth has been surprisingly low for drug stocks and there is more of that to come as we go through a cycle of patent expirations, ... But I think the stocks are close to being washed out and if you have patience they will do quite well over a longer period of time.

As far as stuff goes, that's the best stuff we've seen all year. I think he's only given up one or two runs all year and he showed us why -- he was on top of his game tonight.