The forecast is what matters with stocks. The fact that the management tells analysts they're too aggressive with 2013 profit forecasts will put a damper on things real fast. However, if we're talking about still making record profits any where close to $4.50, one could say 10 times estimates equals $45 and that certainly would be cheap if long-term growth remains in the teens. The fiscal cliff now refers to the stock prices of some companies like ESRX. I'm tempted to buy at $50 but I get the feeling we'll go even lower before any cliff gets resolved. Waiting for now, but even at $50 or 11 times estimates, this stock looks cheap right now. Problem is when stocks go off the cliff they can really belly-flop before bouncing higher.