I think Chase is a very good story, ... I mean, at (a) 45 percent discount to the market, (it's) a very good place to be.

Abbott . . . we just upgraded, ... Abbott is actually accelerating its earnings - (it's a) very strong story at a very good multiple.

What the underwriters do is discount them off the current market [valuation], which entices institutional investors to come in and sop up all the stock.

It's a new market mix we haven't been able to chase before. We've had good response.

We still see IBM attractively valued at a 13 percent discount to S&P multiple.

We were asked to give a 20 percent group discount, so we had to reduce our budget and try to do more with less.