I was pretty confident the demand would be there.

He has little prior experience running an organization. However, he is a leader.

I had three objectives when I conducted the study. Number one, this was not unlike doing a study for a business project - is there going to be a demand? Number two was, is this a good product? In other words, is the staff there, the organizational capacity? And last was the financial viability. If there's no income, it doesn't work.

It was pretty cut and dry.

We played pretty well in the first quarter. We executed and we didn't turn the ball over.

It's got to be the real estate number, because everything else this morning has been pretty bond-unfriendly.