What’s everyone’s thoughts? I can think it’s pretty safe to say everyone prefers organic growth all else equal. But, how do you evaluate a company that is growing by acquisition? Is it industry specific? Red flag? I think JPM’s acquisition of WaMu and Bear Stearns were briliant but those transactions were driven more by immediacy more so than anything else. I’m not an M&A guy so I don’t really know how to interpret synergies and all that.