NBC Universal has some appeal. It can generate quite a bit of cash.

Most analysts project what the earnings growth rates are going to be and they tend to be too aggressive for our blood.

The fact is the company's doing everything right for the future. They're buying back shares. They're basically using their size as an advantage.

The difficulty is that accounting bombs have been dropping on a regular basis. What needs to happen before the confidence is back is you need to see a series of good news, a bunch of companies doing better than expected.