Quotes by Nick Pirsos

“They had to get bigger or exit the business. They took the right course of action.”

“The reports were an early indication that the pricing outlook may not be as good as one would hope. Last nights results and tonights will give a sense of what 2006 will look like.”

“Given the current yield curve, its an extremely challenging environment for that segment right now. I would be in favor of them selling it at the right time, but the segment probably doesnt have an optimal valuation right now.”