It had a lot of problems, but we thought they could be cleaned up. Then we found out that it was just a can of worms. Some of the analysis is very good. But the recommendations should get chopped off and used as kindling. There are pretty big conflicts of interest.
Oils are really very good values.
This is one of the few areas where earnings keep coming in above expectations, and the stocks don't do much. They sell at ten or 12 times earnings. Some of the regional banks are also very cheap. They don't have much foreign exposure, the way the big New York banks do, and they earn a lot from services. But the stock is cheap relative to book value.