It's still a nice premium to where Quaker had been trading at before the first talks were announced. When the valuation climbed to more than $100 per share, we were calling it 'generous.' The high-90s is a very fair price.

Pepsi clearly wants Quaker for strategic reasons. Their offer is still a substantial premium to where Quaker Oats is trading. The reason they walked away the first time is because they had Coca-Cola waiting in the wings. They no longer have that luxury.

The issue here is Coke's intent. If they want Quaker Oats' businesses, they have the financial muscle to get it done.

It's nice to know we'll always be remembered for being the first [Quaker Valley] team to get to the championship game for the Penguins Cup.

After three days, it got nice and calm -- until the skipper announced we had been in a hurricane, were in the eye at present and would have another two days coming out the other side.

With the stock trading at premium multiples and momentum investors exiting the stock, it may take some time ... to re-establish an upward trend.