Institutional investment community clamoring for performance out of this merger.

1. Synergies of combining route structures with only 9 overlapping routes prior to the merger. Bethune said it was "checkmate" in the industry.
2. Economy of scale in operations. Elimination of unnecessary and redundant labor as well as management, particularlly in middle management.
3. Labor stability is worth roughly 30 percent of the stock price.

I would say that the glass is either half full or half empty. I say it's half full and I think we have consideable leverage. This was supposed to be the merger of the centuery. If the investment community wants dividends then that's great. Me too. We both have leverage on Jeff. Wall Street as well as labor feel cheated by Jeff.