based on price in April of 1999. If last April's price of $40.00 was reasonable and earnings are running 25% under same Q last year, then the stock price from last year should be reduced by only 25%. Remember, no change in the company's dividend policy. Also fed rate rise of 50 bps is already factored into the market. Could we be just a few weeks from $30? That would be a 50% rise from current levels.