We are raising our recommendation on Pinnacle West based on the company's core competencies as a regional energy provider.

Whether you talk to Southern Co. or any company in the industry who's deciding to stay in the generation business and market power nationally, they've all talked about doing deals with phone companies. I expect MCI to get involved, [as well as] Sprint and all the others. It makes sense.

It will take some time for the merger to be completed.

Basically, longer term this is a good deal. There will be short-term pressure on both stocks as [the deal] goes through the regulatory process.

I have about concluded that wealth is a state of mind, and that anyone can acquire a wealthy state of mind by thinking rich thoughts.

If you're a preacher, you talk for a living, so even if you don't make sense, you learn to make nonsense eloquently.