We continue to believe that DirecTV's potential purchase of the G.M. stake would be a big catalyst.

There is short-term upside potential, as commercial aerospace stocks tend to perform well before the Air Show.

Anything that uses water has the potential for a leak.

Yes, it is true that sometimes unusually intelligent and sensitive children can appear to be stupid. But stupid children can sometimes appear to be stupid as well. I think that's something you might have to consider.

We regard the shares as inexpensive and believe that just placing a market multiple on its free-cash-flow a few years out yields substantial upside in the stock.

We think the jury is out whether there will be any practical impact on video markets and, in any case, we don?t see any major impact anytime soon.