Earnings season has become a very volatile period, and investors are now much more sensitive to misses than to [positive] surprises.

We expect a positive reaction to 4Q results in Qwest shares today (Tuesday) and anticipate '06 numbers across the Street will be moving up on the back of today's results.

We expect a positive reaction to 4Q results in Qwest shares today and anticipate '06 numbers across the Street will be moving up on the back of today's results.

This is a company a lot of people might think may have difficulty going forward. You would think faxes are obsolete, but the process is becoming more efficient as we've moved to taking them to online from paper.

Energy infrastructure is something that's been neglected the past 10 to 15 years, so there's a tremendous amount of catch-up in the industry to get the expansion back up.

A lot of the distinctions that are taken as conventional wisdom, or even gospel, don't necessarily make a lot of sense to us. For example, growth stocks can be undervalued, and value stocks can be overvalued.