It is a yellow light that either it's competition, therefore pricing, or that market growth is not as robust as it had been.

CA isn't well positioned from a growth standpoint.

Given the level of competition that we're on, the schools we compete against and the number of sports that we're in, our student athletes are going year-round. So, open summer participation just means that these student athletes are just that much busier. But that's OK as long as there's some control, some limitations on it. We try to monitor it a little bit.

All of a sudden long-term growth rate expectations have ratcheted down,

All of a sudden long-term growth rate expectations have ratcheted down.

It's a bargain. I'd gladly pay him another $808.6 million to have him create another $65 billion in market cap.